Pepsi is considered an elastic good because its demand is sensitive to changes in price. When the price of Pepsi increases, consumers may switch to alternatives like Coca-Cola or other beverages, resulting in a significant drop in quantity demanded. Similarly, if the price decreases, consumers may buy more Pepsi instead of other drinks. This price sensitivity is characteristic of many non-essential consumer goods.
No good is perfectly elastic: if it were, any raise in price would cause exactly zero units of the good to be demanded, and any drop in price would cause infinite units of the good to be demanded, which is not possible. Some goods are very elastic, however, like goods with close substitutes (Pepsi and Coke are good examples).
That would be pepsi my good man :) That would be pepsi my good man :) it is not pepsi.....It is Pepsico
Have a Pepsi day(:
Yes, the supply of a good will be more elastic if the price of the good increases.
It must be so good, like a Pepsi. Did you get that from a commercial? If so, it's advertising. It feels good, I guess! :)
A good dogs name is one you will be comfortable calling out in public... Will you be okay with calling out "pepsi! Here pepsi!" or "sit pepsi." in the middle if a public park? if so then go for it :)
It has lots of sugar that is not good.
yes
pepsi
No, neither are healthy for you.
Pepsi = not soda Neither is Sprite. They're pop!
Yes but instead of pepsi you should use coka cola