We would expect:
A. the demand for Coca-Cola to be less price elastic than the demand for soft drinks in
general.
B. the demand for Coca-Cola to be more price elastic than the demand for soft drinks in
general.
C. no relationship between the price elasticity of demand for Coca-Cola and the price
elasticity of demand for soft drinks in general.
D. none of these to hold true.
Answer: B
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