Suppose supply is fixed at 35 units.
-Under what circumstances would an increase in the supply of a product have no effect on the price?
A) If the demand curve is vertical.
B) If the supply curve is vertical.
C) If the demand curve is horizontal.
D) If both the demand and supply curves are vertical.
E) If the demand curve is upward-sloping.
Correct Answer:
Verified
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A)
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