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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