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:

Distal Convoluted Tubule

A portion of the nephron in the kidney involved in the selective reabsorption and secretion, playing a key role in regulating the body's salt and water balance.

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High Blood Pressure

A condition characterized by the force of the blood against the walls of the arteries being consistently too high, often leading to health issues like heart disease.

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A variation in the concentration of salt across a distance, affecting the movement of substances in biological systems.