If the Supply Curve for Aspirin Is Perfectly Elastic, a Reduction

question 135

Multiple Choice

If the supply curve for aspirin is perfectly elastic, a reduction in demand will cause the equilibrium price to:

• A)​rise and the equilibrium quantity to fall.
• B)​rise and the equilibrium quantity to stay the same.
• C)​fall and the equilibrium quantity to fall.
• D)​stay the same and the equilibrium quantity to fall.

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