If the supply curve for aspirin is perfectly elastic

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Reference no: EM131169298

If the supply curve for aspirin is perfectly elastic, then a reduction in demand will cause the equilibrium price to:

a) rise and the equilibrium quantity to fall.

b) rise and the equilibrium quantity to stay the same.

c) fall and the equilibrium quantity to fall.

d) stay the same and the equilibrium quantity to fall.

Reference no: EM131169298

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