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Iteru [2.4K]
3 years ago
6

If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in the quantity demanded of 25​ percent, d

emand for Red Bull is​ _______ in this range.a. inelasticb. elasticc. verticald. unit elastic
Business
1 answer:
Dvinal [7]3 years ago
6 0

Answer:

Elastic

Explanation:

Elasticity = 25% / 20% = 1.25

The demand is elastic .

Demand is elastic if the coefficient of elasticity is greater than 1.

If demand is elastic, it means a change in price leads to a greater change in the quantity demanded.

I hope my answer helps you

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4 0
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Answer:

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3 0
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Neporo4naja [7]

Answer:

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5 0
2 years ago
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drek231 [11]

Answer:

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7 0
3 years ago
Read 2 more answers
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