An Increase in Supply Caused No Change in Equilibrium Quantity

question 77

Multiple Choice

An increase in supply caused no change in equilibrium quantity bought and sold. Thus demand must be:

• A) unit elastic
• B) inelastic
• C) totally inelastic
• D) elastic

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Definitions:

Reliable

Describes something or someone that consistently performs well or can be trusted to be accurate.

Inconsistent

Lacking compatibility or uniformity; actions, beliefs, or statements that do not align or are contradictory.

Nanogram

A unit of mass equal to one billionth of a gram.

Religion Conflict

Disputes and tensions that arise due to differences in religious beliefs and practices.