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?

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1146604

2026-04-09 04:55

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If a sprinter on the track team has an inelastic demand for sports drinks, this means that the quantity they purchase will not significantly decrease despite the price increase from $1.00 to $1.50. They likely view sports drinks as a necessity for their training and performance, making them less sensitive to price changes. Thus, they might continue to buy a similar quantity of sports drinks, even at the higher price.

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