If the Demand Curve Is Perfectly Elastic, Then an Increase

question 87

Multiple Choice

If the demand curve is perfectly elastic, then an increase in supply will:

• A)increase both the price and the quantity exchanged.
• B)increase the price but result in no change in the quantity exchanged.
• C)increase the quantity exchanged but result in no change in the price.
• D)decrease the price but result in no change in the quantity exchanged.
• E)do none of the above.

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