For a given increase in supply, the condition of demand that will result in no change in quantity is when demand is
A. perfectly inelastic.
B. perfectly elastic.
C. inelastic.
D. elastic.
Answer: A
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a. The Great Depression. b. World War II. c. The Vietnam War. d. The Energy Crisis of the mid- and late-1970s.
Explain the effect of right-to-work laws on the collective bargaining power of labor unions