6. The price of coffee rose sharply last month, while the quantity sold remained the same. Five people suggest various explanations: LEONARD: Demand increased, but supply was per- fectly inelastic....

6. The price of coffee rose sharply last month, while the<br>quantity sold remained the same. Five people suggest<br>various explanations:<br>LEONARD: Demand increased, but supply was per-<br>fectly inelastic.<br>SHELDON: Demand increased, but it was perfectly<br>inelastic.<br>PENNY: Demand increased, but supply<br>decreased at the same time.<br>HOWARD: Supply decreased, but demand was unit<br>elastic.<br>RAJ: Supply decreased, but demand was per-<br>fectly inelastic.<br>

Extracted text: 6. The price of coffee rose sharply last month, while the quantity sold remained the same. Five people suggest various explanations: LEONARD: Demand increased, but supply was per- fectly inelastic. SHELDON: Demand increased, but it was perfectly inelastic. PENNY: Demand increased, but supply decreased at the same time. HOWARD: Supply decreased, but demand was unit elastic. RAJ: Supply decreased, but demand was per- fectly inelastic.

Jun 11, 2022

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6. The price of coffee rose sharply last month, while the quantity sold remained the same. Five people suggest various explanations: LEONARD: Demand increased, but supply was per- fectly inelastic....

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