Multiple Choice
The local convenience store advertises 50% off frozen slushies. As a result of the sale, the store sells 80% more slushies, but 20% fewer fountain drinks. The cross elasticity between slushies and fountain drinks is _____.
A) 4.0
B) 0.4
C) 1.6
D) -0.4
Correct Answer:
Verified
Correct Answer:
Verified
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