ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rahul has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Rahuldid not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:
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Perfectly elastic
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Perfectly inelastic
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Elastic
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Less elastic
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Explanation:
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