Physics, 07.10.2019 23:00, veryrarecobain

If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, demand for red bull is in this range.
a. inelastic
b. elastic
c. vertical
d. unit elastic

Answers: 2

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If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantit...