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Suppose the percentage change in newspapers demanded for any price
change is infinite. The absolute value of the elasticity of demand for
newspapers is ,, and demand is
infinity; perfectly inelastic
infinity; perfectly elastic
0; perfectly inelastic
0; perfectly elastic

Ask by Sandoval Riley. in the United States
Mar 28,2025

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The absolute value of the elasticity of demand for newspapers is infinity, and the demand is perfectly elastic.

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If the percentage change in newspapers demanded for any price change is infinite, it means that consumers will buy any quantity of newspapers regardless of the price. Thus, the absolute value of the elasticity of demand for newspapers is infinity, indicating that demand is perfectly elastic. In other words, even the slightest change in price will lead to an infinite change in the quantity demanded.
Perfectly elastic demand is often observed in highly competitive markets where substitutes are readily available. For newspapers, if an alternative source of news appears at a lower price, consumers will flock to it without hesitation. This dynamic showcases how sensitive demand can be to price changes in a scenario where perfect substitutes are available!

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