Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

Related Mcqs:

Among the institutions and policies that have been created to support developing countries are?

A. the world Bank B. the international Monetary Fund C. The Generalized System of Preferences D. All of the above...

Concerning tariff policy, the United States does not charge?

A. lower tariff rates on goods from nations with normal trade relation status B. lower tariff rates on goods from nations with most favored nation status C. low or zero tariffs on goods from certain developing countries D. identical tariff rates in products from all countries of the world...

Most of developing-country exports consist of ?

A. primary products such as tin and bauxite B. intermediate products C. labor-intensive agricultural products D. labor-intensive manufacturing products...

All of the following are trade problems of developing countries except?

A. unstable export markets B. improving terms of trade C. limited access to the markets of industrial countries D. highly elastic demand curves for their products...

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

A. multilateral contracts B. production and export controls C. buffer stock arrangements D. tariff-rates quotas...