Answer:
Given that,
Percent Change in prices = 10%
Percent Change in quantity demanded = 20%
Therefore,
Price elasticity of demand =
Price elasticity of demand =
Price elasticity of demand = 2
Hence, price elasticity of demand is greater than 1 which means that the Tasty Treat Tea has a elastic demand.
B. The demand for Tasty Treat Tea is elastic.
Answer:
The waxy substance that helps plants retain water is called cuticle .