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.
Demand is perfectly price inelastic when the quantity demanded for Pixie’s cheesy fried grits is of: (w) zero. (x) P4. (y) P2. (z) More information is required. Q : Needs by marginal revenue equals to A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.
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