RCC Micro Ex 2 5 6 7 SP21 no key - Read-only 6) Demand determines price entirely when 6) A) supply is perfectly elastic. B) supply is perfectly inelastic. C) demand is perfectly inelastic. D) demand is downward sloping. 7) Demand determines entirely when is perfectly inelastic. A) price and quantity; supply B) price; supply C) price and quantity; demand D) quantity; supply 8) An increase in quantity demanded caused no change in the equilibrium pri