question archive If the amount of beachfront real estate supplied remains the same even when the price of beachfront real estate increases, the: a) supply of beachfront real estate must be perfectly elastic
If the amount of beachfront real estate supplied remains the same even when the price of beachfront real estate increases, the: a) supply of beachfront real estate must be perfectly elastic
Subject:EconomicsPrice:2.88 Bought3
If the amount of beachfront real estate supplied remains the same even when the price of beachfront real estate increases, the:
a) supply of beachfront real estate must be perfectly elastic.
b) supply of beachfront real estate must be perfectly inelastic.
c) demand for beachfront real estate must be perfectly inelastic.
d) demand for beachfront real estate must be perfectly elastic.
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