Multiple Choice
Suppose the demand curve for hybrid cars shifts to the right.This will cause a relatively small increase in the price of hybrid cars if
A) demand is elastic and supply is inelastic.
B) demand is inelastic and supply is perfectly inelastic.
C) both demand and supply are inelastic.
D) both demand and supply are elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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Q45: Table 6-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 6-3
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