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Nita is a devoted Coca-Cola consumer, whereas Becky can drink either Coca-Cola or Pepsi products. Nita’s demand for Coca-Cola will be relatively more ________, while Becky’s demand will be relatively more
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Nita is a devoted Coca-Cola consumer, whereas Becky can drink either Coca-Cola or Pepsi products. Nita’s demand for Coca-Cola will be relatively more ________, while Becky’s demand will be relatively more ________.

User Mirandes
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3 votes

Answer:

The answer is:

Inelastic

Elastic

Step-by-step explanation:

Nita’s demand for Coca-Cola will be relatively more inelastic i.e his demand will not be sensitive to price. Increasing the price of Coca-cola will not make Nita to change its taste because he is a devoted Coca-Cola consumer.

Becky’s demand will be relatively more elastic because he has an option to choose between Pepsi and Coca-cola.

Any increase in price of Coca-cola will make Becky to shift to Pepsi.

User Hoque MD Zahidul
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5.3k points
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