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

The correct answer is B. An increase in quantity offered but price will remain the same

No explanation given
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