If the Supply Curve for Aspirin Is Perfectly Elastic, What

Multiple Choice

If the supply curve for aspirin is perfectly elastic, what effect will a reduction in demand have on the equilibrium price and equilibrium quantity?

A) The price will rise and the quantity will fall.
B) The price will rise and the quantity will stay the same.
C) The price will fall and the quantity will fall.
D) The price will stay the same and the quantity will fall.