MICROECONOMICS-ACCESS CARD <CUSTOM>
MICROECONOMICS-ACCESS CARD <CUSTOM>
11th Edition
ISBN: 9781266285097
Author: Colander
Publisher: MCG CUSTOM
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Chapter 7.1, Problem 9Q
To determine

Explain what happens to shortage, if the supply is perfectly inelastic.

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Students have asked these similar questions
If supply is inelastic, will shifts in demand have a larger effect on equilibrium price or on quantity?
Pharmaceutical drugs have an inelastic demand and computers have an elastic demand. suppose that technological advance doubles the supply of both product. what happens to the equilibrium price and quantity in each market?
Demand p= 100-0.00006x Supply p= 90+0.00004x Find the equilibrium price and quantity ?
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