Coke Versus Pepsi

A change in quantity demanded (or a movement along the demand curve) is caused by a change in its own price while a change in demand (or a shift of the demand curve) is caused by a change in nonprice determinants that include changes in consumers’ income, taste or preference, price of other goods, expected future price, etcetera. Respond to the following:
• If Coke’s price increases, what will happen to the demand or quantity demanded for Pepsi, all other things being equal?
• Explain whether it is a movement along the demand curve or a shift of the demand curve.
• If Coca-Cola develops a new technology that makes Coke tastier, what will happen to the supply curve and demand curve for Coke?
• Is the demand (curve or schedule) for Coke or Pepsi seasonally different?
• What is the relationship between Coke and Pepsi? Do they have the same demand curve or are they different? Explain your reasoning.
Your initial post should be a minimum of 300 words.

References for paper

Clifford, J. [Jacob Clifford]. (2012, January 6). Change in demand vs change in quantity demanded- key concept (Links to an external site.) [Video file]. Retrieved from https://youtu.be/W7FCZ4i-JgI
• This video provides information about a change in demand and a change in quantity demanded that may assist you in your Coke Versus Pepsi discussion this week. This video has closed captioning and a transcript.
Accessibility Statement (Links to an external site.)
Privacy Policy