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If the demand for a product is perfectly inelastic, what happens to price when supply increases? It increases It decreases It does not change It
If the demand for a product is perfectly inelastic, what happens to price when supply increases?
It increases
It decreases
It does not change
It depends upon the magnitude of the supply change
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
