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    International Economics Study Set 12
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    Exam 7: Trade Policies for the Developing Nations
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    Not Only Do Changes in Demand Induce Relatively Wide Fluctuations
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Not Only Do Changes in Demand Induce Relatively Wide Fluctuations

Question 11

Question 11

True/False

Not only do changes in demand induce relatively wide fluctuations in price when supply is inelastic, but changes in supply also induce relatively wide fluctuations in price when demand is inelastic.

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