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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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Political forces that affect transportation businesses
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To learn more about politics and political party here:

brainly.com/question/12548909

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Corporate Triple-A bond interest rates for 12 consecutive months are as follows: DATAfile TripleABond Using the Excel Forecastin
vlada-n [284]

Answer:

a.Plot 1

b. Please see attachment

c. forecast = 9.5

Explanation:

Please see attachment

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