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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.

 

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