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madam [21]
3 years ago
15

A perfectly inelastic demand implies that buyers would increase their purchases by 10%when the price falls by 10%. purchase the

same amount as before when the price rises by 10%. decrease their purchases by 100% when the price rises by 10%. increase their purchases by 100% when
Business
1 answer:
vichka [17]3 years ago
6 0

Answer:

purchase the same amount as before when the price rises by 10%.

Explanation:

A perfectly inelastic demand curve is basically a straight vertical line. This means that the consumers are willing to purchase the goods or services no matter what their price is. In other words, they will keep buying them at any price, up to infinity and beyond. This is not a real scenario, because no product will be purchased at any price that the seller wants.

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Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less

<h3>What are barriers to trade?</h3>

Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.

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brainly.com/question/19109348

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