question archive A large increase in gas prices creates a demand for cars with good gas mileage
A large increase in gas prices creates a demand for cars with good gas mileage
Subject:EconomicsPrice:2.88 Bought3
A large increase in gas prices creates a demand for cars with good gas mileage. It takes months for car company's to make these cars. How do you describe this market for cars? Why?
Choose the correct answer:
A. Inelastic
B. Static
Option 1
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Option 2
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