Question

Which type of goods are described as having perfectly inelastic demand?

Perfectly inelastic demand means that a change in the price of a commodity does not affect the quantity demanded.

A Goods for which a slight change in price leads to an infinite change in quantity demanded.

B Goods for which a change in price leads to no change in quantity demanded.

C Goods for which a change in price leads to a larger proportionate change in quantity demanded.

D Goods for which a change in price leads to a smaller proportionate change in quantity demanded.

E Goods for which the proportionate change in price results in an equal proportionate change in quantity demanded.

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