If the Demand for Some Good Fluctuates, but Supply Is

question 32

Multiple Choice

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

• A) large demand fluctuations and inelastic supply
• B) small demand fluctuations and elastic supply
• C) small demand fluctuations and unit elastic supply
• D) small demand fluctuations and inelastic supply
• E) large demand fluctuations and elastic supply

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Definitions:

Human Papillomavirus

A group of viruses, some of which can cause genital warts or lead to certain cancers, such as cervical cancer.

Proliferation

Rapid increase or growth of cells or organisms in a given environment or situation.

Synovial

Pertaining to synovial fluid or joints, specifically the type of joint that is encased in a flexible capsule filled with lubricating fluid to enable movement.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to optimal conditions for survival.