If the Supply Curve Is Perfectly Inelastic, Then an Increase

Multiple Choice

If the supply curve is perfectly inelastic, then an increase in demand will:

A) increase both the price and the quantity exchanged.
B) increase the price but result in no change in the quantity exchanged.
C) increase the quantity exchanged but result in no change in the price.
D) decrease the price but not change the quantity exchanged.
E) do none of the above.