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MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND1 Mark
Question
Why is perfectly inelastic demand curve parallel to Y-axis?
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Answer

Perfectly inelastic demand curve is a vertical straight line, parallel to Y-axis because it is a situation when change in price causes no change in demand.

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