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In a state of perfectly elastic demand, increase or decrease in supply does not affect _______

+1 vote

asked Mar 28, 2019 in Class 12 by kratos

Complete the following sentence:

In a state of perfectly elastic demand, increase or decrease in supply does not affect ___

forms of market and price determination
class-12

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1 Answer

+2 votes

answered Jul 11, 2020 by kratos

Best answer

In a state of perfectly elastic demand, increase or decrease in supply does not affect equilibrium price.

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