If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?
ECONOMICS
JAMB 1997
If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?
- A. the equilibrium price and quantity will increase
- B. only the price will increase
- C. only the quantity will increase
- D. the price will remain constant
Correct Answer: B. only the price will increase
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