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AP Micro Supply & Demand Review Flashcards | StudBud
AP Micro Supply & Demand Review
1 / 8
The demand is perfectly inelastic & the supply is upward sloping. If the price of an input ↑...
A
no change in quantity but an increase in the price
B
decrease in the quantity & an increase in the price
C
no change in quantity but a decrease in price
D
decrease in both the quantity and price of the good
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