Question : When the demanded quantity of a commodity does not respond to price changes, the demand for that commodity is?

Option 1: Elastic

Option 2: Inelastic

Option 3: Perfectly inelastic

Option 4: Unit elastic

Question : If a commodity's demand remains constant despite a price increase, then its demand is:

Option 1: Highly Elastic

Option 2: Perfectly Elastic

Option 3: Perfectly Inelastic

Option 4: Less Elastic

Question :  If the price elasticity of demand for a good is greater than 1, the demand is:

Option 1: Elastic.

Option 2: Inelastic.

Option 3: Unit elastic.

Option 4: Perfectly inelastic.

Question : If the price elasticity of demand for a good is less than 1, the demand is:

Option 1: Elastic.

Option 2: Inelastic.

Option 3: Unit elastic.

Option 4: Perfectly elastic.

Question : If the price elasticity of demand for a good is zero, it means the demand is:

Option 1: Elastic

Option 2: Inelastic.

Option 3: Unit elastic.

Option 4: Perfectly elastic.