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Question 10 Not yet answered Marked out of 1.00 P Flag question A perfectly inelastic demand: Select one a. whatever the pric
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A perfectly inelastic demand - (d) whatever the price, buyers will buy the same amount, like the life saving medicine. It happened because there is no substitutes available for the life saving medicine. Whatever the price of the medicine buyers have to buy same quantity of medicine. Mostly essential commodities have perfectly inelastic demand and buyers do not give any response to the price changes and they have to buy same amount of commodities since there is no substitues available so they can not switch their demand to other commodties.

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