If the Demand Curve Is Perfectly Inelastic, Then an Increase

question 266

Multiple Choice

If the demand curve is perfectly inelastic, 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.

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