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Demand for Singapore tourism is steady, but Singapore's capacity to host tourists has fallen (supply has decreased) because of a pandemic. This is beneficial for

Demand for Singapore tourism is steady, but Singapore's capacity to host tourists has fallen (supply has decreased) because of a pandemic. This is beneficial for Singapore if demand is ______ and the ______ effect is larger than the ______ effect.

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a

inelastic; price; quantity

b

elastic; price; quantity

c

inelastic; output; price

d

elastic; output; price

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