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Thread: Equilibrium price?

  1. #1
    Trying to make mom and pop proud
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    Equilibrium price and fully elastic

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    Q. The equilibrium price does not change if demand increases when price elasticity of demand is fully elastic? (Other conditions are the same)

    This problem is wrong.
    But I think it's right and it doesn't make sense.
    I hope somebody can help me understand.

    Equilibrium price?-my-opinion.jpg

    I can't sleep because of this problem
    Last edited by LotP; 12-04-2019 at 10:49 AM.

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