Question

Several new stores selling mountain bike open in town what will be the effect on supply and demand?

Answer 1

Bicycles and equipment on display at Bicycle Outfitters' Montrose store on Sept. 30, 2020. Owner Brad Stewart estimates sales at his two stores are up 30% since the pandemic began and bike repairs have doubled. (William Woody, Special to The Colorado Sun)

Answer 2

Answer:

As new bikes sell out, some riders are turning to pre-owned inventory, a supply chain that retailers can ...