Multiple Choice
If the price of Coca-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans,then the demand for Coca-Cola is _____
A) unit elastic.
B) perfectly elastic.
C) perfectly inelastic.
D) elastic.
E) inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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