Business, 10.03.2020 19:02 claaay1

6. Problems and Applications Q6 The price of coffee fell sharply last month, while the quantity sold remained the same. Five people suggest various explanations: Eric: Demand decreased, but it was perfectly inelastic. Ginny: Demand decreased, but supply was perfectly inelastic. Kenji: Demand decreased, but supply increased at the same time. Lucia: Supply increased, but demand was perfectly inelastic. Paolo: Supply increased, but demand was unit elastic. Who could possibly be right? Check all that apply. Eric Ginny Kenji Lucia Paolo

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6. Problems and Applications Q6 The price of coffee fell sharply last month, while the quantity sold...