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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.

Know more about coca-cola:

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An economy is created by the interaction between which teo groups of people?
melomori [17]

Answer:

producers and consumers

Explanation:

producers and consumers create the interaction between the demand and the supply that is the basis for any given economy.

3 0
3 years ago
Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,
alex41 [277]

Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

21000+1800+11000=33800

Now, we calculate the net income she would receive, if she didn't go to the college:

16000-7200=8800

Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.

33800+8800=42600

7 0
3 years ago
Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel
Ulleksa [173]

Answer:

5.52%

Explanation:

For computing the coupon rate we first have to determine the PMT by applying the PMT formula

Given that,  

Present value = $954

Future value = $1,000

Rate of interest = 6.2%

NPER = 9 years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $55.18

Now the coupon rate is

= $55.18 ÷ $1,000

= 5.52%

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3 years ago
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nikitadnepr [17]

Indicate whether it would appear on the statement of cash flows as operating activities.

There are three types of cash flow: operating cash flow, investment cash flow, and financial cash flow. Operating cash flow is generated from the company's normal operating activities. This includes cash proceeds from sales, cash outlays on goods sold (COGS), and other operating expenses such as overheads and salaries.

Investing cash flows include amounts spent to purchase securities intended to be held as investments, such as securities. B. Stocks or bonds of other companies or the Treasury. Inflows are generated by interest and dividends paid on these holdings.

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1 year ago
Which of the following statements is FALSE?
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The answer is
D. Pre-incident activities include planning to prepare and establish a JIC in every incident requiring emergency response.
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3 years ago
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