Multiple Choice
An increase in supply caused no change in the equilibrium price of a good.Thus,demand must be
A) perfectly inelastic.
B) vertical.
C) perfectly elastic.
D) unit elastic.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q61: The price elasticity of demand for gasoline
Q96: Recall the Application about the price of
Q97: When the price of a car is
Q98: Assume Sarah is a CPA who earns
Q99: When the price of milk increases,total revenue
Q100: When the price of bricks increases 5%,quantity
Q102: If the price elasticity of supply for
Q104: If the supply curve is relatively steep,then
Q105: When moving upward the along a liner
Q106: Chris buys more new jewelry when her