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If the demand for some good fluctuates, but supply is constant, then which of the following combi- nations would generally yield the greatest price fluctuations?
If the demand for some good fluctuates, but supply is constant, then which of the following combi-
nations would generally yield the greatest price fluctuations?
a) Small demand fluctuations and elastic supply.
b) Large demand fluctuations and elastic supply.
c) Small demand fluctuations and inelastic supply.
d) Large demand fluctuations and inelastic supply.
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