{"id":90335,"date":"2025-06-01T10:26:34","date_gmt":"2025-06-01T10:26:34","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=90335"},"modified":"2025-06-01T10:26:34","modified_gmt":"2025-06-01T10:26:34","slug":"zero-price-elasticity-of-demand-means","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/zero-price-elasticity-of-demand-means\/","title":{"rendered":"Zero price elasticity of demand means"},"content":{"rendered":"

Zero price elasticity of demand means<\/p>\n

[amp_mcq option1=”whatever the change in price, there is absolutely no change in demand” option2=”for a small change in price, there is a small change in demand” option3=”for a small change in price, there is a large change in demand” option4=”for a large change in price, there is a small change in demand” correct=”option1″]<\/p>\n

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This question was previously asked in<\/div>\n
UPSC CAPF – 2019<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nZero price elasticity of demand means that the quantity demanded of a good or service does not change at all, regardless of the change in its price. This is a case of perfectly inelastic demand.
\n<\/section>\n
\n– Price elasticity of demand (PED) measures the responsiveness of quantity demanded to a change in price.
\n– PED = (% Change in Quantity Demanded) \/ (% Change in Price).
\n– If PED = 0, the numerator (% Change in Quantity Demanded) must be 0, implying no change in quantity demanded.
\n<\/section>\n
\nDemand is considered inelastic if 0 < PED < 1 (quantity demanded changes proportionally less than price). Demand is considered elastic if PED > 1 (quantity demanded changes proportionally more than price). Demand is unit elastic if PED = 1 (quantity demanded changes proportionally the same as price). Perfectly elastic demand (PED = infinity) means consumers will buy an infinite amount at a specific price but nothing if the price increases even slightly.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Zero price elasticity of demand means [amp_mcq option1=”whatever the change in price, there is absolutely no change in demand” option2=”for a small change in price, there is a small change in demand” option3=”for a small change in price, there is a large change in demand” option4=”for a large change in price, there is a small … <\/p>\n

Detailed SolutionZero price elasticity of demand means<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1119,1120,1261],"class_list":["post-90335","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1119","tag-economic-development","tag-nature-of-indian-economy","no-featured-image-padding"],"yoast_head":"\nZero price elasticity of demand means<\/title>\n<meta name=\"description\" content=\"Zero price elasticity of demand means that the quantity demanded of a good or service does not change at all, regardless of the change in its price. This is a case of perfectly inelastic demand. - Price elasticity of demand (PED) measures the responsiveness of quantity demanded to a change in price. - PED = (% Change in Quantity Demanded) \/ (% Change in Price). - If PED = 0, the numerator (% Change in Quantity Demanded) must be 0, implying no change in quantity demanded.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/zero-price-elasticity-of-demand-means\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zero price elasticity of demand means\" \/>\n<meta property=\"og:description\" content=\"Zero price elasticity of demand means that the quantity demanded of a good or service does not change at all, regardless of the change in its price. This is a case of perfectly inelastic demand. - Price elasticity of demand (PED) measures the responsiveness of quantity demanded to a change in price. - PED = (% Change in Quantity Demanded) \/ (% Change in Price). - If PED = 0, the numerator (% Change in Quantity Demanded) must be 0, implying no change in quantity demanded.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/zero-price-elasticity-of-demand-means\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:26:34+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Zero price elasticity of demand means","description":"Zero price elasticity of demand means that the quantity demanded of a good or service does not change at all, regardless of the change in its price. 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