Perfectly elastic supply problem
When will a rise in demand entail an increase in the quantity demanded however no change in the price?
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In case of perfectly elastic supply, the increase in demand causes no change in price however it will lead to a rise in quantity.
One of my friends can't succeed to get the answer of this question. Give solution of this question. Described the stages of production and in which stage will production occur and why?
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What is another name of micro economics? Answer: Price theory
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