Question

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

Answer 1

The answer you are looking for is A. inelastic

Hope you have a good day or night!

Answer 2

The right answer for the question that is being asked and shown above is that: "B. elastic " 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. The market for cars is B. elastic