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Which of the following statements is true? Multiple choice question. When the demand curve is horizontal, changes in supply will tend to have a big
Which of the following statements is true? Multiple choice question. When the demand curve is horizontal, changes in supply will tend to have a big impact on the equilibrium price. When the supply curve is horizontal, changes in demand will have no impact on the equilibrium quantity and a big impact on the equilibrium price. When the demand curve is vertical, changes in supply will tend to have a big impact on the equilibrium quantity. When the supply curve is vertical, changes in demand will have no impact on the equilibrium quantity and a big impact on the equilibrium price
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