Answer to Question #328982 in Microeconomics for Ruduwan

Question #328982

If demand became zero with a slight rise in the price , what would you call such a demand?

1
Expert's answer
2022-04-17T17:03:47-0400

Choke price is an economic term used to describe the lowest price at which the quantity demanded of a good is equal to zero.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS