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1 year ago

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

1 answer:

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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gayaneshka [121]

Benefits is the correct answer

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3 years ago

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Explanation:

Computation of Net Pay

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Hence Option B is correct.

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3 years ago

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For Crafton Company, indirect labor is budgeted for $57,000 and factory supervision is budgeted for $65,000 at normal capacity o

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Answer:

$124,700

Explanation:

Indirect labor budgeted is $57,000

Factory supervision is $65,000

The normal capacity is 142,500

Direct labor 145,000

Therefore the flexible budget can be calculated as follows

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= 122,000/142,500

= 0.86

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Hence the flexible budget is $124,700

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2 years ago

Xminus−Industries manufactures 3minus−D printers. For each unit, $ 3 comma 200$3,200 of direct material is used and there is $

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Answer:

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Explanation:

Giving the following information:

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Direct material= 3,200

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Manufacturing overhead is applied at $18 per direct labor hour.

Units sold= 42

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Profit= Total sales - total variable cost

Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52

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3 years ago

During a two-month period Lladro Comercial, S.A., the manufacturer of handcrafted porcelains, donated ten percent of its retail

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According to the pyramid of corporate social responsibility, it was acting at the philanthropic responsibilities level.

<h3 /><h3>What is social responsibility?</h3>

Social responsibility is the responsibility of every individual to work for the welfare of the society, it is the help from the individual. The help can be of anyway like donate money, free volunteering in any occasion, explaining the importance of things to the people.

Thus, it is philanthropic responsibilities level.

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2 years ago