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Business, 21.09.2020 07:01 JuniperGalaxy

The price of coffee fell sharply last month, while the quantity sold remained the same. Five people suggest various explanations: Jake: Demand decreased, but it was perfectly inelastic. Latasha: Demand decreased, but supply was perfectly inelastic. Nick: Demand decreased, but supply increased at the same time. Rosa: Supply increased, but demand was perfectly inelastic. Tim: Supply increased, but demand was unit elastic.

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The price of coffee fell sharply last month, while the quantity sold remained the same. Five people...
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