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Please don't copy the answer from the web, this needs to pass the plagiarism check Assume...

Please don't copy the answer from the web, this needs to pass the plagiarism check

Assume the demand being perfectly inelastic and supply suddenly doubles due to innovative technique of production. Illustrate in a well labelled graph, the changes in the equilibrium price, and quantity, and also is it advisable to do so from supplier point of view.

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