An Increase in Supply Caused No Change in the Equilibrium

question 149

Multiple Choice

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

• A) perfectly inelastic.
• B) horizontal.
• C) elastic.
• D) unit elastic.

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Definitions:

Tautologies

Statements that are true under any possible valuation of their components in logic.

Biconditional

A logical statement that is true only if both the conditions it connects are either true or false.

Tautology

A proposition that is inherently true due to its logical structure or necessity, frequently restating the same concept using varied terminology.

Main Component

The primary or most important part of something that contributes to its function or structure.