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If a product has a short-run elasticity of supply equal to zero, then an increase in the demand for the product will: a)have no effect on price or quantity sold. b)increase price and leave quantity sold unchanged. c)increase price and reduce the quantity sold to zero. d)leave the price unchanged and reduce the quantity sold.
If a product has a short-run elasticity of supply equal to zero, then an increase in the demand for the product will: b)increase price and leave quantity sold unchanged.
Expert answered|alfred123|Points 1641|
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