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:

Completeness Check

A verification process to ensure that all necessary data is present and accounted for, often used in data entry and processing.

Required

Necessary or obligatory in a particular situation or for achieving a specific purpose.

Validation Rule

In a database, generally defined as part of the data dictionary and specified in the field properties for each field; violations result in an error message and a suggested action.

Employee's ID Number

A unique identifier assigned to each employee within an organization for the purpose of identification and record-keeping.