When the price of Gatorade is $2 per bottle, the quantity demanded is 500 bottles per at the local grocer. When the price falls to $1 per bottle, the quantity demanded increases to 1000. Given this information, the demand for Gatorade is
A) inelastic.
B) elastic.
C) unit elastic.
D) perfectly elastic.
B
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A futures contract is an agreement to buy a commodity at a specific future date, at a price set today.
Answer the following statement true (T) or false (F)
The demand for household appliances increased due to an increase in consumers' incomes. This will lead to a ________, assuming all else equal
A) rightward shift of the labor demand curve of this industry B) leftward shift of the labor supply curve of this industry C) rightward shift of the labor supply curve of this industry D) leftward shift of the labor demand curve of this industry
Higher deductibles for employer-provided health care will tend to shift the ________ curve for medical services to the ________
A) supply; left B) supply; right C) demand; left D) demand; right
Briefly explain the factors that shape the supply for loanable funds curve.
What will be an ideal response?