Economics
posted by Anonymous .
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?

yes:
http://www.businessdictionary.com/definition/inelasticsupply.html 
I agree.

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

WRONG. The answer is ELASTIC

Nevermind. It is INELASTIC. My bad

Static
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