If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then____________...
ECONOMICS
JAMB 2018
If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then____________
- A. only the quantity will increase
- B. The prices will remain constant
- C. the equilibrium price and quantity will increase
- D. only the price will increase
Correct Answer: C. the equilibrium price and quantity will increase
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