Perfectly inelastic demand problem
When will an augment in supply entail a raise in price however no change in quantity?
Expert
In case of perfectly inelastic demand, a raise in supply leads to a raise in price although no change in quantity.
Question: Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use e
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