If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then _______?

By: |Published on: Oct 18|Categories: Economics JAMB| 0 comments

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

Correct Answer:

Option C – the equilibrium price and quantity will increase

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