Carla buys one soft drink a day regardless of the price. Which of the following statements is correct about Carla?
A) Price elasticity of demand for soft drinks is 0.
B) Price elasticity of demand for soft drinks is 1.
C) Price elasticity of demand for soft drinks is undefined.
D) Total expenditure will decrease if the price of soft drinks increases.
E) There will be an increase in total expenditure if the price of soft drinks decreases.
Correct Answer:
Verified
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