An increase in supply caused no change in the equilibrium quantity bought and sold.Thus,demand must be:
A)perfectly inelastic.
B)horizontal.
C)elastic.
D)unitary elastic.

Question

Quizplus · Accepted Answer

If an increase in supply causes no change in the equilibrium quantity, this means that the demand for the product is completely unresponsive to changes in price. This is characteristic of a perfectly inelastic demand, where consumers are willing to buy the same quantity regardless of any change in price.

An Increase in Supply Caused No Change in the Equilibrium