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Which of the following best defines perfectly elastic demand?
  • a)
    Quantity demanded decreases with price decreases
  • b)
    Demand remains constant with price changes
  • c)
    A price change leads to no change in quantity demanded
  • d)
    A small price change results in an infinite change in quantity demanded
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following best defines perfectly elastic demand?a) Quanti...
Perfectly elastic demand is defined as a situation where a small change in price leads to an infinite change in quantity demanded. This indicates extreme sensitivity, often seen in highly competitive markets where substitutes are readily available.
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Which of the following best defines perfectly elastic demand?a) Quantity demanded decreases with price decreasesb) Demand remains constant with price changesc) A price change leads to no change in quantity demandedd) A small price change results in an infinite change in quantity demandedCorrect answer is option 'D'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following best defines perfectly elastic demand?a) Quantity demanded decreases with price decreasesb) Demand remains constant with price changesc) A price change leads to no change in quantity demandedd) A small price change results in an infinite change in quantity demandedCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following best defines perfectly elastic demand?a) Quantity demanded decreases with price decreasesb) Demand remains constant with price changesc) A price change leads to no change in quantity demandedd) A small price change results in an infinite change in quantity demandedCorrect answer is option 'D'. Can you explain this answer?.
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