Multiple Choice
At a price of $2,000,the demand for Ranger 60 mountain bikes from Cloyd's Inc.is 300,but only 191 bikes are being made.At a price of $2,300,the demand for the bikes is 250,and exactly 250 bikes are being made.If Cloyd'ssells each one of the bikes at a price lower than $2,300,_____.
A) a shortage of bikes will be created
B) the number of bikes being made will increase drastically
C) an inelastic demand for the bikes will be created
D) the demand and supply for the bike will attain equilibrium
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Price matching is one of the ways
Q44: Liquiction Pool and Patio Inc.is a company
Q46: Diffusion Research Company specializes in conducting market
Q47: The demand curve for a product shows
Q48: Manufacturers find that their large customers always
Q50: The quantity of a product that people
Q51: Randy's Apparels Inc.plans to expand its customer
Q52: GoodFurn Furniture Company has recently moved to
Q53: At a price of $2,000,the demand for
Q54: Pierre's Ice Cream Company produces ultra-rich ice