The Price of Gold Is Often Volatile Because

Multiple Choice

The price of gold is often volatile because

A) demand is relatively inelastic, so changes in supply have a large effect on price.
B) supply is relatively elastic, so changes in demand have a large effect on price.
C) demand is relatively elastic, so changes in supply have a large effect on price.
D) supply is relatively inelastic, so changes in demand have a large effect on price.