Recall the application during happy hour many bars and, Ask an Expert

Economics

Recall the Application. During "happy hour," many bars and restaurants face an increase in demand for food and drink, and these establishments often cut prices during these times of increased demand. When this demand increases, the bars and restaurants face a ________ demand curve.

a. more elastic

b. perfectly inelastic

c. perfectly elastic

d. more inelastic

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91719136

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