If demand is highly inelastic and supply shifts to the right, the equilibrium price will rise significantly while quantity will increase only slightly.
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Q1: Demand is said to be elastic when
Q2: If average movie ticket prices rise by
Q3: Revenue remains unchanged along a straight-line demand
Q4: Refer to the following graph. 
Q6: The cross-price elasticity of demand is the
Q7: When the demand curve is highly inelastic,
Q8: If the price of a good goes
Q9: Price elasticity of demand is the percentage
Q10: If the amount of land supplied remains
Q11: The short-run elasticity of demand for gasoline
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