Demand increases-bars and restaurants face

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Reference no: EM131003387

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

Reference no: EM131003387

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