If the price of Coca-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans,then the demand for Coca-Cola is _____
A)unit elastic.
B)perfectly elastic.
C)perfectly inelastic.
D)elastic.
E)inelastic.

Question

Quizplus · Accepted Answer

The decrease in quantity demanded by 50% (from 100 cans to 50 cans) shows that the demand for Coca-Cola is responsive to changes in price, making it elastic.

If the Price of Coca-Cola Increases from 50 Cents to 60