Perfectly elastic supply problem
When will a rise in demand entail an increase in the quantity demanded however no change in the price?
Expert
In case of perfectly elastic supply, the increase in demand causes no change in price however it will lead to a rise in quantity.
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At point c, in illustrated figure the supply curve into this graph is: (w) perfectly price elastic. (x) relatively price elastic. (y) unitarily price elastic. (z) relatively inelastic. Discover Q & A Leading Solution Library Avail More Than 1411803 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1945780 Asked 3,689 Active Tutors 1411803 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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