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If the Demand Curve Is Perfectly Inelastic, Then an Increase

Question 266

Multiple Choice

If the demand curve is perfectly inelastic, then an increase in supply 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 result in no change in the quantity exchanged.

Correct Answer:

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