If the Supply Curve Is Perfectly Elastic, Then an Increase

question 15

Multiple Choice

If the supply curve is perfectly elastic, then an increase in demand results in no change in the

• A)equilibrium quantity but a large increase in the equilibrium price.
• B)equilibrium quantity but a large decrease in the equilibrium price.
• C)equilibrium price but a decrease in the equilibrium quantity equal to the change in demand.
• D)equilibrium price but an increase in the equilibrium quantity equal to the change in demand.
• E)equilibrium quantity or the equilibrium price.

---

Definitions:

Message Control

The ability to manage and direct the narrative, timing, and dissemination of information to the intended audience.

Opportunity Cost

The cost of forgone alternatives; the benefit you miss out on when choosing one alternative over another.

Corporate Blog

A blog created and maintained by a business or corporation to communicate with its audience, share insights, or promote products.

Social Media Activity

The actions and interactions of users on platforms like Facebook, Twitter, and Instagram, including posting, liking, and commenting.