In most product markets: Prices fluctuate more than quantities. Prices fluctuate less than quantities. Prices fluctuate more than quantities in the short run. Prices fluctuate less than quantities in the long run. Both answers C and D.

In most product markets: Prices fluctuate more than quantities. Prices fluctuate less than quantities. Prices fluctuate more than quantities in the short run. Prices fluctuate less than quantities in the long run. Both answers C and D.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 12SQ

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Question

In most product markets:

		Prices fluctuate more than quantities.
		Prices fluctuate less than quantities.
		Prices fluctuate more than quantities in the short run.
		Prices fluctuate less than quantities in the long run.
		Both answers C and D.

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