Quizlet:Suppose the demand for a Czech novel translated into English is perfectly inelastic. Assume the initial price of the translated novel is $ 28.00 28.00 and the quantity demanded is 135 135 copies per year. If the price of the translated novel increases by $ 2.00 2.00 , then the quantity demanded will be nothing copies per year. Next, suppose the demand for a mystery novel by John Grisham John Grisham is infinitely elastic. In this example, assume the initial price of the novel is $ 24.00 24.00 and the quantity demanded is 27 27 thousand copies per year. If the price of the mystery novel increases by $ 3.00 3.00 , then the quantity demanded will be nothing copies per year. Quizlet

Answer:for perfectly inelastic, the demand will be 135 per year, for infinite elastic the demand will be 27 or less as a result of increase in price

Explanation:

Perfectly inelastic demand : This can be defined as when a change in price however large causes no change in the quantity demanded of a commodity. In this case the initial price is $28.00, the quantity is 135, as a result of the increase in price by $2.00 to $30 it will cause no change in the quantity demanded of the novel, the demand will still be 135

Infinite elastic demand : This is when a change in price brings about a more proportionate change in quantity demanded ... This is when a consumer react sharply to a change in price. If there is a fall in price, the quantity demanded for such a commodity increases. On the other hand, if there is an increase in price the quantity demanded falls ... in this case as a result of an increase in price by $3.00 The consumer will reduce to demand for more goods, the quantity demanded may be 27 or less than 27 as a result of increase in price.