Multiple Choice
If the demand curve is perfectly elastic, then an increase in supply will:
A) decrease the price but result in no change in the quantity exchanged.
B) increase the quantity exchanged but result in no change in the price.
C) increase the price but result in no change in the quantity exchanged.
D) increase both the price and the quantity exchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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