Suppose the Demand for Energy Drinks Decreases by 20% Due

question 108

Multiple Choice

Suppose the demand for energy drinks decreases by 20% due to recent repercussions found in the consumption.If the supply elasticity is 1.2 and the demand elasticity is 0.80,the percentage change in the equilibrium price for energy drinks will:

• A)rise by 0.1%.
• B)fall by 0.1%.
• C)rise by 10%.
• D)fall by 10%.

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Definitions:

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A girl’s first menstruation.

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An infant born in North America, often referring to the health, social, and environmental aspects specific to this geographic region.

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A period of rapid physical maturation involving hormonal and bodily changes that take place primarily in early adolescence.

Physical Maturation

The process of bodily growth and development, particularly the changes experienced during puberty that lead to a mature adult body.