Question
If AS is totally price inelastic, an increase in AD will __________. a. increase output but not price b. increase price but not output c.
If AS is totally price inelastic, an increase in AD will __________.
| a. | increase output but not price
| |
| b. | increase price but not output
| |
| c. | decrease output and price
| |
| d. | increase output and price |
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Foundations of Business
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
6th edition
1337386928, 9781337670975 , 978-1337386920
