Solved

If the Demand for Some Good Fluctuates,but Supply Is Constant,then

Question 20

Multiple Choice

If the demand for some good fluctuates,but supply is constant,then which of the following combinations would generally yield the greatest quantity fluctuations?


A) large demand fluctuations and inelastic supply
B) small demand fluctuations and unit elastic supply
C) small demand fluctuations and elastic supply
D) large demand fluctuations and elastic supply
E) small demand fluctuations and inelastic supply

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: A value of infinity for the elasticity

Q16: Consider an excise tax imposed on daily

Q17: The price of apples at a local

Q18: Consider two demand curves and the same

Q19: If two goods,X and Y,have a positive

Q21: If Vicky's income increases by 8% and

Q22: Suppose an analysis of the possible effects

Q23: If the income elasticity of demand for

Q24: Consider an excise tax imposed on daily

Q25: Normal goods<br>A)have negative elasticity of supply.<br>B)are sometimes