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Calculate the point price elasticity, the point income elasticity, and the point cross-price elasticity for soft drinks. Cans Bought 6-Pack Price Per Capita Income Price

Calculate the point price elasticity, the point income elasticity, and the point cross-price elasticity for soft drinks.

Cans Bought 6-Pack Price Per Capita Income Price of Water Population Cost of Living
State (Millions) (Cents) ($ Thousands) (Cents Per Bottle) (Millions) Index
Alabama 981 196 $49.90 30 4.9 89.3
Arizona 1126 193 $59.20 30 7.5 97
Arkansas 712 168 $47.10 28 3 86.9
California 5347 393 $75.30 43 39.6 151.7
Colorado 715 242 $72.00 28 5.9 105.6
Connecticutt 426 318 $76.30 32 3.6 127.7
Delaware 305 215 $64.80 28 1.4 108.1
Florida 5301 224 $55.50 35 21.9 97.9
Georgia 3187 169 $58.80 29 10.8 89.2
Idaho 163 221 $55.60 21 1.9 92.3
Illinois 1437 222 $65.00 25 12.6 94.5
Indiana 1252 197 $55.70 24 6.8 90
Iowa 334 199 $60.00 23 3.2 90.1
Kansas 416 193 $58.20 25 2.9 89
Kentucky 1036 186 $50.20 26 4.5 90.9
Louisiana 1238 185 $47.90 33 4.6 93.9
Maine 156 257 $55.60 24 1.4 117.5
Maryland 1325 273 $83.20 35 6.1 129.7
Massachusetts 788 301 $79.80 31 6.9 131.6
Michigan 1081 200 $56.70 21 10 88.9
Minnesota 617 235 $70.30 21 5.7 101.6
Mississippi 745 170 $44.70 28 3 86.1
Missouri 1260 169 $54.50 25 6.2 87.1
Montana 86 247 $55.30 24 1.1 106.9
Nebraska 195 207 $59.60 22 2 90.8
Nevada 532 238 $58.60 26 3.2 108.5
New Hampshire 249 249 $75.00 19 1.4 109.7
New Jersey 1274 289 $81.70 34 8.9 125.1
New Mexico 331 190 $47.20 25 2.1 87.5
New York 2143 338 $67.80 34 19.3 139.1
North Carolina 3532 179 $53.90 28 10.7 94.9
North Dakota 51 230 $63.80 20 0.8 98.8
Ohio 1932 201 $56.10 23 11.7 90.8
Oklahoma 737 191 $51.90 36 4 87
Oregon 292 302 $63.40 34 4.3 134.2
Pennsylvania 293 235 $60.90 26 12.8 101.7
Rhode Island 153 266 $64.30 30 1.1 119.4
South Carolina 1257 185 $52.30 31 5.3 95.9
South Dakota 87 234 $56.30 23 0.9 99.8
Tennessee 1629 194 $52.40 27 6.9 88.7
Texas 6594 190 $60.60 32 29.7 91.5
Utah 331 233 $71.40 25 3.3 98.4
Vermont 39 270 $60.80 25 0.6 114.5
Virginia 2323 205 $72.60 29 8.6 100.7
Washington 602 242 $74.10 27 7.8 110.7
West Virginia 260 192 $44.10 25 1.8 91.1
Wisconsin 573 232 $60.80 23 5.9 97.3
Wyoming 62 206 $61.60 21 0.6 89.3

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