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Why doesnt coke lose all its customers when it raises its price?
Wiki User
∙ 14y ago
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
Wiki User
∙ 14y ago
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Suppose the price of pepsi falls dramatically. How will this affect the market for coke (Microeconomics)?
need help!!!!!
How do substitute goods and complementary goods affect demand for another good?
Substitutes and complements is the fact that a change in price of one of the goods has an impact on the demand for the other good. For substitutes, an increase in the price of one of the goods will increase demand for the substitute good. (It's probably not surprising that an increase in the price of Coke would increase the demand for Pepsi as some consumers switch over from Coke to Pepsi.) It's also the case that a decrease in the price of one of the goods will decrease demand for the substitute good.
What are two good that can be considered substitutes?
Snowboards , Coke & Pepsi
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 is 2 economic benefits to Ireland of having low rate of inflation?
Two benefits to Ireland of low rate inflation is:1. Because the price of goods and services from one period to the next remain generally low. e.g a can of coke in Switzerland costs 4 euro while a can of coke here in Ireland costs 1 euro.2. It can help in economic growth (The rise in quantity of goods and services produced/made from one period to the next)
Why doesnt coke lose its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
What was the price of a coke in 1943?
the price of coke in 1943 was $0.59 in the U.S and in Britain and Europe it cost the same or less! Thanks!
Why would a tooth soaked in coke gain weight?
Doesnt.
What is the price of a bottle of coke?
$1.79
Price of coke in 1980?
25p.
Whats the difference between coke zero and regular coca cola PLEASE answer i need it for a science project?
Coke zero doesnt have sugar but regular coke does!!!!!!
How do you melt a penny in coke?
it doesnt melt, but it gets very clean!
Average price of coke in 2000?
the price of soda in 2000 is $1.30
What does coke cause?
well coke doesnt harm you unless u drink too much and dont exercise like a G!
Average price of coke in 1990?
The average price of coke in 1982 was about $0.99 for a 1 litre bottle.
What is the price of a bottle of coke now?
$1.79
What was the price of Coke in 2001?
2,000,000 dollars
