Will, a sprinter on the track team, has an inelastic demand for sports drinks. The local store has raised the price of a sports drink from $1.00 to $1.50. Which statement could describe Will’s response to the price change?
He bought 10 bottles a month at $1.00 and 8 bottles a month at $1.50.
He bought 10 bottles a month at $1.00 and 5 bottles a month at $1.50.
He bought 15 bottles a month at $1.00 and 5 bottles a month at $1.50.
He bought 15 bottles a month at $1.00 and 20 bottles a month at $1.50.
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Will, a sprinter on the track team, has an inelastic demand for sports drinks. The local store has r...
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