Multiple Choice
Exhibit 4-1 
-Carla buys one soft drink a day, regardless of the price. Which of the following statements is correct with respect to Carla?
A) Price elasticity of demand for soft drinks is infinite.
B) Price elasticity of demand for soft drinks is zero.
C) Price elasticity of demand for soft drinks is 1.
D) Cross-price elasticity of demand for soft drinks is 1.
E) Price elasticity of demand cannot be calculated with the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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