Remember that a perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales.
Also, equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.
Finally, equilibrium quantity is when supply equals demand for a product.
Therefore, the answer to this question is:
Price is unchanged and quantity is unchanged
Answer:
Price:
b. unchanged
Quantity:
b. unchanged
