a. Use the figure to show what occurs to price and quantity when supply decreases and demand
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a. Use the figure to show what occurs to price and quantity when supply decreases and demand is perfectly elastic.
b. Use the figure to show what occurs to price and quantity when supply increases and demand is perfectly inelastic.
Transcribed Image Text:
Perfectly Inelastic Demand $1 A 52 B D Perfectly Elastic Demand
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