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Home Q & A Board Other Fields Homework Help Business Economics
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chomtong chomtong
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7 years ago
A perfectly elastic demand curve implies that, ceteris paribus,
A) the price a firm charges is irrelevant, as it will sell the same amount regardless of the price charged.
B) a firm can raise its price and not lose all its customers.
C) if a firm raises its price above the market price, quantity demanded will equal zero.
D) a firm can sell more by lowering its price.
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Akshtsaklani21Akshtsaklani21
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#1
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7 years ago
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chomtong Author
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7 years ago
this is exactly what I needed
rene_ram97
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Yesterday
Good timing, thanks!
sadiewolf
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2 hours ago
Smart ... Thanks!
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