If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?
a
the equilibrium price and quantity will increase
b
only the price will increase
c
only the quantity will increase
d
the price will remain constant
Explanation
Correct Option
bNo explanation available
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Articulture1234
2 years ago
When the supply curve shifts to the right from S1 to S2, the equilibrium price declines from P1 to P. However, the equilibrium quantity remain unaffected.
