If the demand curve is perfectly inelastic, a rightward shift of the supply curve will lead to A) an increase in quantity supplied at the equilibrium B) an increase in quantity demanded at the equilibrium C) a decrease in the equilibrium price D) an increase in the equilibrium price
If the demand curve is perfectly inelastic, a rightward shift of the supply curve will lead to A) an increase in quantity supplied at the equilibrium B) an increase in quantity demanded at the equilibrium C) a decrease in the equilibrium price D) an increase in the equilibrium price
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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Question
If the
A) an increase in quantity supplied at the equilibrium
B) an increase in quantity demanded at the equilibrium
C) a decrease in the
D) an increase in the equilibrium price
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