HI5003 | Demand Supply Coca-Cola

Running head: DEMAND AND SUPPLY OF COCA-COLA
DEMAND AND SUPPLY OF COCA-COLA
Name of the Student
Name of the University
Author’s Note

1DEMAND AND SUPPLY OF COCA-COLA
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Demand for Coca- Cola...............................................................................................................3
Supply of Coca-Cola....................................................................................................................4
Factors affecting demand and supply side of Coca-Cola............................................................5
Demand elasticity........................................................................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

2DEMAND AND SUPPLY OF COCA-COLA
Introduction
The aim of this essay is to highlight on the demand and supply of Coca-cola. This
product is a effervescent and most popular soft drink in the world. The Coca-Cola Company has
produced various ranges of products and has become one of the familiar brand in the globe.
Coca-Cola is considered as the substitute product as the consumers desire to switch to other good
if its prices rises (Ruttan and Thirtle 2014). Both demand and supply of commodity depends on
the product price and its demand for quantity. The market equilibrium occurs at the intersection
point of the demand and supply curve of the commodity. This study also aid in exploring the
variables that affect the demand and supply of coca-cola market.
Discussion
Demand for Coca- Cola
The law of demand depicts that increase in price of the commodity leads to decline in its
quantity demanded. Demand for a particular good refers to the commodity that the consumer
desires to purchase over the certain period of time (Rios et al. 2013). It is usually represented
that the demand curve is negatively sloped as the commodity price and its demand for quantity
holds inverse relationship. The product quality and its brand value has increased the total number
of customers around the globe. This has facilitated the organization in attaining higher revenue
and profitability in this competitive market. Therefore, law of demand is illustrated with the help
of the diagram shown below: