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If the demand of a product with perfectly elastic supply increases, there will be

If the demand of a product with perfectly elastic supply increases, there will be
  • A.
    An increase in price and quantity offered
  • B.
    An increase in quantity offered but price will remain the same
  • C.
    A reduction in price and quantity offered
  • D.
    An increase in price but a reduction in quantity offered for sale
  • E.
    An increase in quantity offered but a reduction in price
Correct Answer: Option B
Explanation