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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.
What else can I help you with?
What good has a perfectly elastic market?
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).
What company owns Frito-Lay?
That would be pepsi my good man :) That would be pepsi my good man :) it is not pepsi.....It is Pepsico
What would be a good slogan for selling Pepsi?
Have a Pepsi day(:
Will the supply of a good be more elastic if the price of the good increases?
Yes, the supply of a good will be more elastic if the price of the good increases.
How is a valentine like a can of Pepsi?
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! :)
Is pesi a good dogs name?
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 :)
What are negatives of Pepsi?
It has lots of sugar that is not good.
Is stock in Pepsi a good investment?
yes
Where is this slogan from you're good to go?
pepsi
Is Pepsi or Coke good for you?
No, neither are healthy for you.
What soda has more fizz sprite or pepsi?
Pepsi = not soda Neither is Sprite. They're pop!
If you add pepsi to barbecue sauce will it taste good?
Yes but instead of pepsi you should use coka cola
