--%>
Assignment Help - homework help

Perfectly elastic supply problem

When will a rise in demand entail an increase in the quantity demanded however no change in the price?

E

Expert

Verified

In case of perfectly elastic supply, the increase in demand causes no change in price however it will lead to a rise in quantity.

   Related Questions in Microeconomics

  • Q : Which of the following lists includes

    Which of the following lists includes only capital resources (and therefore no labor or land resources)?

    		•
  • Q : Production possibility history of World

    Can someone help me in determining the right answer from the given options. Through the onset of World War-II, the United States: (i) Expanded the military output just by increases taxes rigorously. (ii) Moved in the direction of its production possibilities frontier.

    		•
  • Q : What is marginal revenue Marginal

    Marginal revenue: This refers to the addition prepared to the total revenue.

    		•
  • Q : Demand of a competitive firm The

    The competitive firm will demand more labor when: (i) Technological advances support automation. (ii) The price of firm's output increases. (iii) More firms enter in the industry. (iv) The value of marginal product is beneath the wage rate. (v) Worker

    		•
  • Q : Illustration of least price elastic in

    The least price elastic within supply of the given items would be: (w) Ferrari racing cars. (x) tool kits imported by China. (y) wheat. (z) original Picasso drawings. I need a good answer on the topic of Ec

    		•
  • Q : Goods produced and sold in the US Who

    Who decides what goods services will be produced and were sold in the US?

    		•
  • Q : Exceeds marginal revenue curve by

    That this firm can’t successfully price discriminate is most strongly indicated through the fact that: (1) the linear demand curve exceeds the marginal revenue curve for all outputs shown. (2) MR = MC maximizes profit. (3) total revenue total co

    		•
  • Q : Total economic of profit or loss on

    When the wholesale price P = $7 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushels of peaches at a total economic of profit or loss totaling $___. (i) zero; loss; -$4,000. (ii) 2000;

    		•
  • Q : Size Distribution of Income The degree

    The degree of inequality of income in between households and individuals is the: (w) marginal productivity theory of income distribution. (x) functional distribution of income. (y) distribution of wealth. (z) size distribution of income.

  • Q : Minimum Wage Laws-unskilled workers I

    I have a problem in economics on Minimum Wage Laws-unskilled workers. Please help me in the following question. The Minimum wage legislation is unlikely to help: (i) Skilled workers who compete by unskilled workers. (ii) Unskilled workers who don&rsqu

    		•