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The price of energy drinks increases by 20 percent and the demand for energy drink falls by 15 percent. Based on this information, the price
The price of energy drinks increases by 20 percent and the demand for energy drink falls by 15 percent. Based on this information, the price elasticity of demand is Multiple Choice perfectly inelastic. inelastic. unit elastic. elastic
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Economics
Authors: Roger A. Arnold
13th edition
1337617385, 1337617383, 9781337670647 , 978-1337617383
