Question: Perfectly inelastic demand for a good exists when O a.) consumers will purchase the same amount of the good, regardless of price O b.) firms
Perfectly inelastic demand for a good exists when O a.) consumers will purchase the same amount of the good, regardless of price O b.) firms will only offer a set amount of a good for sale, regardless of price c.) a small increase in price results in a big change in quantity demanded d.) a 50% increase in price will result in a 50% decrease in quantity demanded
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