Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the price of sugar does not affect Wonder Coffee's coffee prices very much and sales continue at their usual level. Identify the type of demand in this scenario.

A. Inelastic demand
B. Fluctuating demand
C. Joint demand
D. Elastic demand


Answer: A

Business

You might also like to view...

The fact that employees often have no control over work process design limits their ability to achieve zero defects, or   

A. quality control. B. continuous improvement. C. reengineering. D. quality assurance. E. total quality management.

Business

Offering off invoice allowance is an example of consumer-oriented promotion

Indicate whether the statement is true or false

Business

Wikis reduce errors in team documents by restricting editing access to one person designated as the proofreader

Indicate whether the statement is true or false

Business

A horizontal restraint of trade results from an agreement between firms at different levels in the manufacturing and distribution process.

Answer the following statement true (T) or false (F)

Business