Multiple Choice
Whenever supply increases, the resulting market price will always be lower except:
A) when demand is perfectly price elastic (when the demand curve is horizontal) .
B) when demand is completely price inelastic (when the demand curve is vertical) .
C) when supply is perfectly price inelastic (when the supply curve is vertical) .
D) in the case of demand having unit price elasticity throughout.
Correct Answer:

Verified
Correct Answer:
Verified
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