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If the Price of Pepsi-Cola Increases from 50 Cents to 60

Question 30

Multiple Choice

If the price of Pepsi-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 Pepsi-Cola is:​


A) unit elastic.
B) perfectly elastic.
C) perfectly inelastic.
D) elastic.
E) inelastic.

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