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Suppose the demand is perfectly inelastic. the implication would be that the smallest change in price would result in__________.
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Suppose the demand is perfectly inelastic. the implication would be that the smallest change in price would result in__________.

User Daniel Stanley
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1 Answer

3 votes

Answer:

smallest change in price would result in a no change in demanded quantity.

Step-by-step explanation:

Quantity demanded is not responsive to changes in price.

Therefore, smallest change in price would result in a no change in demanded quantity.

User Ellison
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