If the Supply Curve Is Perfectly Elastic, Then an Increase

question 250

Multiple Choice

If the supply curve is perfectly elastic, then an increase in demand 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 not change the quantity exchanged.

---

Definitions:

Supervisor

An individual responsible for overseeing and guiding the work of others.

Profound Sadness

An intense feeling of deep sorrow or grief, often associated with significant loss or distressing life events.

Fatigue

A state of extreme tiredness or exhaustion, often resulting from mental or physical exertion or illness.

Open-Ended Questions

Questions designed to elicit more than a simple yes or no response, encouraging detailed answers.