The local convenience store advertises 50% off frozen slushies. As a result of the sale, the store sells 80% more slushies, but 20% fewer fountain drinks. The cross elasticity between slushies and fountain drinks is _____.
A) 4.0
B) 0.4
C) 1.6
D) -0.4

Question

Quizplus · Accepted Answer

The Answer of The local convenience store advertises 50% off frozen slushies. As a result of the sale, the store sells 80% more slushies, but 20% fewer fountain drinks. The cross elasticity between slushies and fountain drinks is _____.
A) 4.0
B) 0.4
C) 1.6
D) -0.4

The Local Convenience Store Advertises 50% Off Frozen Slushies