Which of the following statements is valid when the market demand curve is vertical?   An increase in market supply will not decrease the equilibrium price. Demand is perfectly elastic. An increase in market supply will increase the equilibrium quantity. An increase in market supply will not increase the equilibrium quantity.

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A: Demand has an inverse relationship with quantity demanded.

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Q: Answer true or false, an increase in supply is represented by a movement up the supply curve.

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Q: a rightward shift of the demand curve. a leftward shift of the demand curve. a rightward movement…

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