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Title: Suppose the market supply curve is upward sloping and market demand is perfectly inelastic. If the ... Post by: Satsume on Oct 24, 2017 Suppose the market supply curve is upward sloping and market demand is perfectly inelastic. If the market price is held above the equilibrium level, which of the following statements about the resulting outcome is not true?
A) The decrease in consumer surplus is fully captured by the producers. B) There will be an excess quantity supplied. C) Quantity demanded will remain the same. D) Quantity demanded will decline. Title: Re: Suppose the market supply curve is upward sloping and market demand is perfectly inelastic. If ... Post by: Canih on Oct 24, 2017 Content hidden
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