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QUESTION
30 If the amount of beachfront real estate supplied remains the same even when the price of beachfront real estate increases, the: a supply of...
30 If the amount of beachfront real estate supplied remains the same even when the price of beachfront real estate increases, the:
a supply of beachfront real estate must be perfectly elastic.
b supply of beachfront real estate must be perfectly inelastic.
c demand for beachfront real estate must be perfectly inelastic.
d demand for beachfront real estate must be perfectly elastic.
