Multiple Choice
The food and beverage manager at an upscale country club once offered a two-for-one happy hour price for all alcoholic beverages,only to see a very little response to the special.For these consumers,demand for alcoholic beverages is:
A) cross-price elastic.
B) derived demand elastic.
C) price elastic.
D) price inelastic.
E) status quo elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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