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the price of gold is often volatile because Multiple Choice demand is relatively inelastic, so changes in supply have a large effect on price. supply
the price of gold is often volatile because Multiple Choice demand is relatively inelastic, so changes in supply have a large effect on price. supply is relatively elastic, so changes in demand have a large effect on price. demand is relatively elastic, so changes in supply have a large effect on price. supply is relatively inelastic, so changes in demand have a large effect on price
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
