Zero price elastic demand of a commodity means that ____________
A. The product has no value when it comes to price evaluation B. The product is a public goods, thus no price is to be paid to consume it C. The quantity purchases of the product remain the same at all price level D. The quantity purchases of the product can be changed to any level without any change in price
Correct Answer: C
Explanation
When a change in price leaves the quantity demanded the same. it is called perfectly inelastic demand. The elaslicity of demand is zero
