# Economics

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

A. Inelastic
B. Static

I said A.Inelastic because, its a short run and the firm cannot easily change its output level. Am I right?

• Economics -
• Economics -

I agree.

• Economics -

Thank you so much i just wanted to make sure im right before i make my final choice.

• Economics -

• Economics -

Nevermind. It is INELASTIC. My bad

• Economics -

Static

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