rewriting

I need to back up my information below with the academic journal I uploaded make sure to rewrite the information below with the support of the Academic journal and my opinion below. Cite the The journal also with the other one below…..

Works Cited

Don't use plagiarized sources. Get Your Custom Essay on
rewriting
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

Automotive Oil Change & Lubrication Services – Quarterly Update 6/2/2014. Fort Mill, South Carolina: Mergent, 2014. ProQuest. Web. 4 Feb. 2021.

 

In the US, the consumption of the famous cola soft drinks has reduced. One of the key variables that affects the demand for Coca Cola in the US is the demographic population of the country. This is the distribution of population in terms of age. It is important to note that majority of the population in the US is composed of people between 40 years and above. As the baby boomers becomes of age, they are passing their prime soft drink consumption years and the small generation coming after the baby boomers are more focused on buying energy drinks, juice, and water. In a state where population is largely composed of middle-aged people, youth and kids, the demand for Coca Cola will increase. However, the large percentage of baby boomers shifts the demand curve to the left because the variable causes demand to drop. Another key variable that affects the demand for Coca Cola in the US is the availability of substitute products. It is essential to note that Coca Cola has several substitutes products in the US which means that should a change in price occur, the elasticity of its products will be high. Assuming that Coca Cola drastically change the price of its products while the price of substitute products remains the same, people will most likely reduce their demand for Coca Cola products and opt to buy other substitute products. The presence of easy substitutes for the Coca Cola products makes the demand for the products to be more elastic. The presence of an alternative good makes the original goods or services the original products to be more sensitive to the overall change in price. The presence of alternative products in the markets shifts the curve to the left. This means less and less of the product will be demanded. Additionally, customer income is another variable that affects the demand for Coca Cola products. Coca Cola can be a normal good. Its demand can increase with an increase in the income of the customers and the price of a bottle of Coca Cola remaining constant. When the income of buyers drops, they will purchase less of the product even though the price remains unchanged. When this occurs, the demand curve shifts to the left (Browning & Mark 2020). On the other hand, if there is an increase in the income of the customers, more and more of the soft drinks will be demanded at every price. This means that demand curve will shift to the right.

Work Cited

Browning, Edgar K., and Mark A. Zupan. Microeconomics: Theory and applications. John Wiley & Sons, 2020.

Homework Sharks
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.

Free Revisions

All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.

Title-page

A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.

Bibliography

Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.

Originality & Security

At Homework Sharks, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.

24/7 Customer Support

Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work around the clock to see best customer experience.

Pricing

Flexible Pricing

Our prces are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.

Communication

Admission help & Client-Writer Contact

When you need to elaborate something further to your writer, we provide that button.

Deadlines

Paper Submission

We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.

Reviews

Customer Feedback

Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.