Question

HELP!!! WILL GIVE MEDAL!!!
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

I think the answer is A

Answer 1

@angel12310

Answer 2

b

Answer 3

Can you explain how it is B?

Answer 4

http://www.investopedia.com/terms/e/elastic.asp#axzz1taBntpVX

Answer 5

a or b

Answer 6

When a firm cannot easily change its output level, supply is inelastic.

Answer 7

ok a

Answer 8

Your original choice is correct. Good job.