When a convenience store manager lowered the price of fountain drinks by 10 percent, she found that the store sold only five percent more fountain drinks. The manager's observation indicates that the demand for fountain drinks is

When a convenience store manager lowered the price of fountain drinks by 10 percent, she found that the store sold only five percent more fountain drinks. The manager's observation indicates that the demand for fountain drinks is

When a convenience store manager lowered the price of fountain drinks by 10 percent, she found that the store sold only five percent more fountain drinks. The manager's observation indicates that the demand for fountain drinks is




a. resilient

b. derived

c. exponential

d. elastic

e. inelastic



Answer: E. Inelastic


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