An increase in supply will lower price unless:
A)supply is perfectly price inelastic.
B)demand is perfectly price elastic.
C)it is followed by a reduction in quantity demanded.
D)demand is highly price inelastic.
E)both demand and supply are highly price inelastic.

Question

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The Answer of An increase in supply will lower price unless:
A)supply is perfectly price inelastic.
B)demand is perfectly price elastic.
C)it is followed by a reduction in quantity demanded.
D)demand is highly price inelastic.
E)both demand and supply are highly price inelastic.

An Increase in Supply Will Lower Price Unless