3 ms·
Actually no, even if they face a downward sloping demand curve (which everyone does but I know what you mean) if their supply curve is perfectly horizontal (inf
by TchoBeer 5y ago
Actually no, even if they face a downward sloping demand curve (which everyone does but I know what you mean) if their supply curve is perfectly horizontal (infinite elasticity) then an increase in demand would still hold price steady and see only an increase in quantity supplied.