If a Firm Facing a Perfectly Elastic Demand Curve Raises

question 132

Multiple Choice

If a firm facing a perfectly elastic demand curve raises its price, then:​

• A)it will still sell exactly the same amount of output as it did at the lower price.
• B)it will lose some, but not all, of its sales.
• C)its sales will fall to zero.
• D)its sales will increase.
• E) it will lose its market share.

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