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Many people rushed to buy electric bikes during an unexpected public transit strike. The price of bikes ____________, suggesting that the supply of electric bikes
Many people rushed to buy electric bikes during an unexpected public transit strike. The price of bikes ____________, suggesting that the supply of electric bikes was ____________. Question 5Select one: A. decreased sharply; inelastic B. decreased sharply; elastic C. increased sharply; elastic D. remained relatively stable; elastic E. did not change at all; inelastic
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
