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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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