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 elastic supply
C) small demand fluctuations and unit elastic supply
D) small demand fluctuations and inelastic supply
E) large demand fluctuations and elastic supply
Correct Answer:
Verified
Correct Answer:
Verified
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