If Powdered Soft Drinks Were Perfect Substitutes for Carbonated Soft

question 83

Multiple Choice

If powdered soft drinks were perfect substitutes for carbonated soft drinks, then the demand curve for carbonated soft drinks would

• A)be perfectly inelastic.
• B)have a price elasticity of 0.5.
• C)be perfectly elastic.
• D)have no price elasticity.
• E)have a unit-price elasticity.

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Definitions:

Division

A concept in mathematics where a number (the dividend) is being divided by another number (the divisor) to get a result known as the quotient.

Fallacy of Diversion

A logical fallacy where the argument is deliberately diverted to an unrelated topic to avoid addressing the original issue.

Premises

The statements or arguments that lead up to a conclusion in logic, serving as the foundation for reasoning or debate.

Grounded

Pertaining to electrical systems, it refers to having a direct physical connection to the earth for safety and stability purposes.