The correct answer is True
Intelligence is a set that forms all the intellectual characteristics of an individual, that is, the faculty of knowing, understanding, reasoning, thinking and interpreting. Intelligence is one of the main distinctions between humans and other animals.
Answer: a. the servers thinks demand for drinks and food is elastic.
Explanation:
Elastic demand is an economic concept that refers to the effect price has over the amount of a product consumers are willing to buy.
The law of demand affirms that the amount of purchases has an inverse relationship with the price, meaning that if prices rise, people won´t buy as much. The elasticity of demand allows us to estimate how much the purchases will decrease if the price increases, and vice-versa.
