Suppose the demand for natural gas is perfectly inelastic. What would be the effect, if any, of natural gas price controls? I
f demand is perfectly inelastic, then price controls will a.increase the quantity demanded.
b.not change the market price.
c.shift the supply curve to the left .
d.not change the quantity demanded.
e.shift the demand curve to the right .
The value of the goods produced is recorded for the the current year GDP. The year of production not the year of the sale is where the product being produced needs to be recorded within. If it is sold the following year, the sale will then be recorded in the year it is sold in.
