Multiple Choice
When Joe's Coffee Nook raised the price of a latte, Joe noticed a substantial change in his daily latte sales. A price reduction caused his sales to increase. From this information, you can assume the demand for lattes is ________.
A) static
B) supply-driven
C) across-elastic
D) elastic
E) inelastic
Correct Answer:
Verified
Correct Answer:
Verified
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