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

Related Mcqs:

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...

Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

A. higher than B. equal to C. lower than D. there is no general pattern...

Because supply and demand conditions for primary products are very price inelastic their prices ?

A. have been steadily rising in recent decades B. have been more stable than the prices of manufactured goods C. fluctuate about as much as the prices of manufactured goods D. tend to be very unstable from year to year...

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

A. absolute advantage B. comparative advantage C. export-led growth D. import substitution...

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?

A. relatively greater then B. relatively less than C. the same as D. any of the above...