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 O a. unit elastic O b. perfectly inelastic O c. perfectly elastic O d. relatively inelastic e. relatively elastic

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 O a. unit elastic O b. perfectly inelastic O c. perfectly elastic O d. relatively inelastic e. relatively elastic

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

ChapterP2: Microeconomics Fundamentals

Section: Chapter Questions

Problem 9KC: Suppose Good Foods supermarket raises the price of its steak and finds that its total revenue from...

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Question

ecco

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
O a.
unit elastic
O b. perfectly inelastic
O c. perfectly elastic
O d. relatively inelastic
e. relatively elastic
Clear my choice

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