Answer:
The correct answer is a. the equilibrium quantity decreases, and the equilibrium price is unchanged.
Explanation:
A perfectly elastic demand is an extreme case in which quantity demanded falls to zero with any increase in price, and increases to infinity when price drops.
Now we have this relation clear, it is important to notice that the question is introducing a third variable, which is quantity supplied. When supply decreases, the price remains the same, since only at this price consumers buy the good. The only change that ocurred is related to the availability of the product in the market.
In a normal scenario, an elastic demand would respond to this decrease in supply, pushing the price up, since consumers are willing to pay more. But given that we assume that the demand is perfectly elastic, the price remains the same, otherwise demand would fall to zero.
Answer:
A single vote Plays important and determining role in election because the vote is the chose of people whome they want as the new representative for the country don't just vote blindly vote wisely and chose a correct leader
Explanation:
Answer:
Thursday: By 9 AM EST. Friday: By 9 AM EST. Weekends & Federal Holidays: No deposits processed.
Explanation:
Brainliest pls :3
<span>When private owners run or control the
trade and industry of country, this makes a system which is called a
capitalism. Right to private property, profits, freedom of choice and
competition are the rights which society does not ensure for its citizens and
capitalism function poorly. And this is because in economic activity the system
reduces the government interference. Every citizen or participant have its own
rights.</span>
Answer:
The role of citizens in North Korea is obey their ruler. If not obeyed they not fined for generations and sent away to concentration camps.
Explanation:
