In each of the following questions, three sentences are given, each employing a specified idiom or phrase highlighted in bold. Identify the sentence(s) in which the idiom/phrase has been used correctly in terms of meaning and context. Choose the option that best reflects the correct sentence(s). If none of the sentences use the idiom correctly, choose Option E (None is correct).
I. Smartphone manufacturers must bite the bullet and absorb rising memory chip costs rather than increasing retail prices.  
II. The health ministry refused to bite the bullet by expanding community immunisation drives across high-risk urban districts.  
III. "We had to bite the bullet and digitize damaged manuscripts despite our shrinking budget," stated the chief archivist.