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If Supply Is Perfectly Inelastic, It Follows That a

Question 155

Multiple Choice

If supply is perfectly inelastic, it follows that a


A) rise in price will not change quantity supplied.
B) fall in price will not change quantity supplied.
C) rise in price will change quantity supplied by more than a fall in price.
D) fall in price will change quantity supplied by more than a rise in price.
E) a and b

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