Question: A demand or supply curve with ______________ would be horizontalin appearance. a unitary elasticity b zero elasticity c infinite elasticity d infinite cost elasticity -

A demand or supply curve with ______________ would be horizontalin appearance.

aunitary elasticity
bzero elasticity
cinfinite elasticity
dinfinite cost elasticity

-

If the demand curve is perfectly elastic, then an increase insupply will:

adecrease the price but result in no change in the quantityexchanged.
bincrease the quantity exchanged but result in no change in theprice.
cincrease the price but result in no change in the quantityexchanged.
dincrease both the price and the quantity exchanged.

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