The price of gold is volatile because the supply is highly elastic,so changes in demand have a large effect on price.

Name: The price of gold is volatile because the supply is highly elastic,so changes in demand have a large effect on price.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

The price of gold is volatile because the supply is relatively inelastic, meaning changes in demand have less of an effect on price. Other factors such as economic and political events can also contribute to the volatility of gold prices.

The Price of Gold Is Volatile Because the Supply Is