At a Price of $2,000,the Demand for Ranger 60 Mountain

question 49

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

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