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Mice21 [21]
1 year ago
9

Why is the price elasticity of demand for coca-cola greater than the price elasaticity of deman for soft drinks generally?

Business
1 answer:
wolverine [178]1 year ago
7 0

A soft drink's price elasticity of demand is lower than Coca-Cola's, which is more sensitive to price. This is due to the ease with which consumers can switch from Coca-Cola to other comparable soft drink alternatives, such as Pepsi.

  • However, it would be challenging to replace soft drinks as a whole with alternative products. The price elasticity of demand for soft drinks, in general, is lower than the price elasticity of demand for Coca-Cola because there are no other close substitutes for them.
  • The quantity required of a thing or service changes in response to a change in the product's price, and this is measured by the price elasticity of demand. It is computed by subtracting the product's price change from the quantity demanded, divided by the product's price change.
  • Because the quantity of Coca-Cola products demanded frequently changes when prices vary, these products are thought to have an elastic demand.

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algol13

Answer:

The correct answer is (B)

Explanation:

Economics is a study of the market and human behaviour. Economists usually use historical data, conduct interviews and surveys to find a pattern to predict and forecast. In economics, it is almost impractical to conduct laboratory experiments because laboratory experiments leave out various aspects of reality and leave out relevant variables. Furthermore, It is difficult to find a way to use a laboratory experiment to predict and forecast.

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What do you do in free time to help yourself be better person?​
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The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies.
Igoryamba

The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.

Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.

It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.

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Hence, the given statement is false.

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2 years ago
Name two expectations customers have that are part of the customer buying criteria.
bezimeni [28]

Price and awareness positioning are the right response.

BUYING CRITERIA AND IMPORTANCE ARE NOT THE SAME.

Most individuals will respond "safety" when asked what factor they consider most important when picking an airline. The same person won't say "safety" when you ask what factors they consider when buying a ticket because safety is taken for granted. Security is a given. A buyer's criterion could include a wide range of factors, including cost, delivery time, service accessibility, place of manufacture, etc. Additionally, you need to comprehend the relative importance that each criterion has in the industry. Although the quickness of delivery is given more importance than the low price, it may still be a factor.

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