The price of coffee fell sharply last month, while the quantity sold remained the same. Five people suggest various explanations:Rajiv: Demand decreased, but it was perfectly inelastic. Simone: Demand decreased, but supply was perfectly inelastic. Yakov: Demand decreased, but supply increased at the same time. Ana: Supply increased, but demand was perfectly inelastic. Charles: Supply increased, but demand was unit elastic. Who could possibly be right? Check all that apply. Rajiv Simone Yakov Ana Charles
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Home » Business » The price of coffee fell sharply last month, while the quantity sold remained the same. Five people suggest various explanations:Rajiv: Demand decreased, but it was perfectly inelastic. Simone: Demand decreased, but supply was perfectly inelastic.