choice product of Coca Cola

Supply and Demand

Section A.

Factors which influence supply and demand.

Identify a Coca Cola.

I. Examine the key factors which determine supply and demand for this Coca Cola,

and their impact on market price and production.

II. Critically evaluate how market structures impact on price and choice.

III. Identify the market structure Coca Cola is in, and give reasons for your

answer.

Section B

Construct demand and supply curves

I. Develop a schedule for Coca Cola showing prices, quantity demanded,

supply quantities.

II. Construct demand and supply for this Coca Cola based on your schedule.

III. Identify the point of equilibrium.

Section C (5m) Analyse the impact of a variety of changes in supply, demand and market equilibrium

I. Using copy of graph, illustrate a movement along a demand curve.

II. Explain what could cause this movement.

III. Using your graph, calculate the price elasticity of demand for this product.

IV. Determine the effect on total revenue.

Section D

Shifts in demand and supply curve

I. Using copy of graph, illustrate an outward shift in demand.

II. Give two explanations what could cause this outward shift.

III. Do you think your good is an Inferior Good? Give one reason for your answer.