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Reported Question / Answer
Q.) Perfectly inelastic demand of a commodity means,
1)
the cost of a commodity changes but the demand remains unchanged
2)
the price of the commodity does not change with the change in its demand
3)
the demand of a commodity does not change with the change in its price
4)
the demand of some other commodity changes with the change in the price of one commodity.
5)
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Answer :
3
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