- 04/25/2019 at 2:47 pm #618381EduGorillaKeymasterSelect Question Language :
If the elasticity of demand for a commodity is perfectly inelastic, then which of the following is incorrect?
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- The commodity must be essential to those who purchase it.
- The commodity must have many substitutes.
- The commodity will be purchased, regardless of increase in its price.
- The elasticity of demand for this commodity must be equal to zero.
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