question 11\nif the demand for a product is perfectly elastic, an increase in the prices of inputs for…

question 11\nif the demand for a product is perfectly elastic, an increase in the prices of inputs for production of the product will\nnot affect the market price and increase the equilibrium quantity.\nincrease the market price and decrease the equilibrium quantity.\ndecrease the market price and increase the equilibrium quantity.\nnot affect the market price and decrease the equilibrium quantity.\ndecrease the market price and decrease the equilibrium quantity.

question 11\nif the demand for a product is perfectly elastic, an increase in the prices of inputs for production of the product will\nnot affect the market price and increase the equilibrium quantity.\nincrease the market price and decrease the equilibrium quantity.\ndecrease the market price and increase the equilibrium quantity.\nnot affect the market price and decrease the equilibrium quantity.\ndecrease the market price and decrease the equilibrium quantity.

Answer

Brief Explanations:

When demand is perfectly elastic, the demand curve is horizontal. An increase in input - prices shifts the supply curve leftward. Since buyers are extremely sensitive to price changes (perfectly elastic demand), the market price cannot change. The left - ward shift of the supply curve leads to a decrease in the equilibrium quantity.

Answer:

not affect the market price and decrease the equilibrium quantity.