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If an increase in the demand for Monet paintings increases their equilibrium price but not quantity. a.This means that the price elasticity of supply for

If an increase in the demand for Monet paintings increases their equilibrium price but not quantity.

a.This means that the price elasticity of supply for Monet paintings is perfectly inelastic

b.This means that the price elasticity supply of Monet paintings is perfectly inelastic

c.This means that the price elasticity supply of Monet paintings is perfectly elastic

d.This means that the price elasticity of demand for Monet paintings is perfectly elastic

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