We would expect: A.the demand for Coca-Cola to be less elastic than the demandfo

Question

We would expect: A.the demand for Coca-Cola to be less elastic than the demandfor soft drinks in general. B.the demand for Coca-Cola to be more elastic than the demandfor soft drinks in general. C.no relationship between the elasticity of demand forCoca-Cola and the elasticity of demand for soft drinks ingeneral. D.none of these to hold true. We would expect: A.the demand for Coca-Cola to be less elastic than the demandfor soft drinks in general. B.the demand for Coca-Cola to be more elastic than the demandfor soft drinks in general. C.no relationship between the elasticity of demand forCoca-Cola and the elasticity of demand for soft drinks ingeneral. D.none of these to hold true.

Explanation / Answer

Answer B. the demand for coca-cola to be more elastic than thedemand for soft drinks in general. Explanation Coca-cola is known for its brand and the demand is very high if theprice goes down.

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