Suppose the Price of Vanilla Coke Increases by 9% and Quantity

Multiple Choice

Suppose the price of Vanilla Coke increases by 9% and quantity demanded falls by 13% overall but only by 4% for loyal Coca-Cola customers.This means that for the general public there are _____ for Vanilla Coke,but for loyal Coca-Cola customers,Vanilla Coke is more of a _____.This means that Coca-Cola will enjoy an increase in total revenue only from _____.

A) several substitutes;necessity;loyal Coca-Cola customers
B) few substitutes;luxury item;the general public
C) no substitutes;necessity;the general public
D) several substitutes;necessity;the general public