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

Essay

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 item.This means that Coca-Cola will enjoy an increase in total revenue only from
________.
A.several substitutes; a necessity; loyal Coca-Cola customers
B.few substitutes; a luxury; the general public
C.no substitutes; a necessity; the general public
D.several substitutes; a necessity; the general public