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If the Demand Curve for a Good Increases and Decreases

Question 16

Multiple Choice

If the demand curve for a good increases and decreases cyclically along a relatively Inelastic (or steep) supply curve, then, in this market, the size of price fluctuations will be __________ than the size of quantity fluctuations.


A) relatively less
B) the same
C) relatively greater
D) relatively less or the same but not relatively greater

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