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March 30, 2015

Homework Help: Ecnomics

Posted by Zach Ketchup on Thursday, April 12, 2012 at 10:33am.

A large increase in gas prices creates a demand for cars with good gas mileage. It takes months for car companies to make these cars. How do you describe this market for cars?

A. inelastic
B. elastic
C. static
D. inferior

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