Which of the Following Statements Is Not Valid When the Market

question 54

Multiple Choice

Which of the following statements is not valid when the market supply curve is vertical?

• A)Market quantity supplied does not change when the price changes.
• B)Supply is perfectly inelastic.
• C)An increase in market demand will increase the equilibrium quantity.
• D)An increase in market demand will increase the equilibrium price.

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Numerical quantities that represent a part of a whole, typically with a numerator and denominator.

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A precious metal with a yellow color, used in jewelry, electronics, and as an investment commodity.