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If a demand curve that intersects a perfectly inelastic supply curve shift is ...
Classroom
Economics Classroom
Jamb
Jamb 2019
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If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then____________
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Only the quantity will increase
B
The prices will remain constant
C
The equilibrium price and quantity will increase
D
Only the price will increase
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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