The demand for all carbonated beverages as a whole is likely to be ________ the demand for Dr.Pepper.
A)more elastic than
B)perfectly elastic compared to
C)less elastic than
D)perfectly inelastic compared to

Question

Quizplus · Accepted Answer

The demand for all carbonated beverages as a whole is likely to be less elastic than the demand for Dr. Pepper because Dr. Pepper is a specific brand and has its unique taste, which may make consumers less likely to switch to other brands. In contrast, consumers of carbonated beverages may be more willing to switch to other brands, making the demand more elastic.

The Demand for All Carbonated Beverages as a Whole Is