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bija089 [108]
3 years ago
14

Why is the price elasticity of demand for Starbucks greater than the price elasticity for coffee generally? (3 sentences)

History
1 answer:
Inessa05 [86]3 years ago
7 0

Answer:

Price elasticity of demand for Starbucks greater than the price elasticity for coffee generally as demand for Starbucks changes to a greater extend as compare to demand for coffee with respect to change in price.

Explanation:

The price elasticity of demand measures the change in the quantity demanded with respect to change in the price. Demand is said to be elastic if demand changes a lot as the price changes.

Price elasticity of demand for Starbucks greater than the price elasticity for coffee generally as demand for Starbucks changes to a greater extend as compare to demand for coffee with respect to change in price.

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