Equilibrium price in the peach market has decreased, but equilibrium quantity has stayed the same. which of the following scenarios might explain this result? i. an increase in peach supply and a perfectly elastic peach demandii. an increase in peach supply and a perfectly inelastic peach demandiii. an increase in peach demand and a decrease in peach supply

(I.) An increase in peach supply and a perfectly elastic peach demand.

Explanation:

Equilibrium price in the peach market has decreased, but equilibrium quantity has stayed the same. The following scenario is possible only when  there is an increase in peach supply and a perfectly elastic peach demand.

This can be further explained using a graph:

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.