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Which of the following statements is an example of perfectly inelastic supply? A. A 5 percent rise in the price decreases quantity supplied by zero
Which of the following statements is an example of perfectly inelastic supply? A. A 5 percent rise in the price decreases quantity supplied by zero percent. B. Twitter plans to raise $1 billion in an IPO. C. When the price of insulin falls by 10 percent, Rite Aid pharmacy continues to supply the same quantity. D. In India, poor supply chain management is one of the reasons for high inflation
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