For markets with inelastic demand and supply curves, most short-run movements will be in prices, not quantity.

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"For markets with inelastic demand and supply curves, most short-run movements will be in prices, not quantity. For markets with elastic demand and supply curves, most movements will be in quantity, not price." Do you agree? Illustrate your answer with a few simple graphs.
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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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