Answered: No equilibrium price nor equilibrium…

No equilibrium price nor equilibrium quantity exists if a good's demand curve is vertical line and its supply curve is a horizontal line. true or false?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter3: The Market And Price System

Section: Chapter Questions

Problem 3E

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No equilibrium price nor equilibrium quantity exists if a good's demand curve is vertical line and its supply curve is a horizontal line.

true or false?

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