Blackboard

REC

QUESTION $18$

Suppose the demand for peaches sold from one roadside stand in Georgia is perfectly elastic. As a result, a $7$ percent increase in the price charged by the owner of this stand leads to

$4.$ no change in the quantity demanded at this stand.

B$.$zero peaches sold by this stand.

C$.$a $7$ percent decrease in demand at this stand.

D$.$a $7$ percent decrease in the quantity demanded at this stand.