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Business, 25.02.2020 18:04 dmc79765

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

Manuel: Demand decreased, but it was perfectly inelastic.
Poornima: Demand decreased, but supply was perfectly inelastic.
Shen: Demand decreased, but supply increased at the same time.
Valerie: Supply increased, but demand was perfectly inelastic.
Antonio: Supply increased, but demand was unit elastic.

Who could possibly be right? Check all that apply.

(A) Manuel
(B) Poornima
(C) Shen
(D) Valerie
(E) Antonio

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Answers: 1

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