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If the demand for some good fluctuates, but supply is constant, then which of the following ...

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If the demand for some good fluctuates, but supply is constant, then which of the following ...

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

▸ small demand fluctuations and elastic supply

▸ large demand fluctuations and inelastic supply

▸ large demand fluctuations and elastic supply

▸ small demand fluctuations and a unit elastic supply

▸ small demand fluctuations and inelastic supply

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Microeconomics

Edition: 17^th

Author: Ragan

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Nfernandez1991

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mmi Author

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Correct

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