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the price of energy drinks increases by 20 percent and the demand for energy drink falls by 15 percent. based on this information, the price elasticity of demand is?

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The price elasticity of demand, based change in the price of energy drinks and the change in demand is - 0.75

How to find the price elasticity of demand?

The price elasticity of demand shows the impact of a change in price on the demand for a product .

The price elasticity of demand is found by the formula :

= Change in quantity demanded / Change in price

For the energy drinks, the price elasticity of demand would be:

=  - 15 % / 20 %

= - 0. 75

Find out more on price elasticity of demand at https://brainly.com/question/5078326

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