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What is the concept of perfectly elastic demand?a)Demand remains unchanged regardless of price changes.b)Demand changes infinitely with even a small price change.c)Demand is highly responsive to price fluctuations.d)Demand is unaffected by income changes.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the concept of perfectly elastic demand?a)Demand remains unchanged regardless of price changes.b)Demand changes infinitely with even a small price change.c)Demand is highly responsive to price fluctuations.d)Demand is unaffected by income changes.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the concept of perfectly elastic demand?a)Demand remains unchanged regardless of price changes.b)Demand changes infinitely with even a small price change.c)Demand is highly responsive to price fluctuations.d)Demand is unaffected by income changes.Correct answer is option 'B'. Can you explain this answer?.

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