ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Coca-Cola announces it will stop producing those iconic glass Coke bottles next month and go all aluminum. What happens to the market for glass bottles of Coke?
A
Demand increases
B
Demand decreases
C
Supply increases
D
Supply decreases
Explanation: 

Detailed explanation-1: -Eventually, the glass bottle was overshadowed by the plastic model, as it was much easier and less expensive to transport plastic safely. Plastic bottles were considered to be more lightweight, resistant to breakage, and therefore superior in every way when compared to glass bottles.

Detailed explanation-2: -The Root Glass Company of Indiana. They created the iconic glass Coca‑Cola Contour Bottle in 1915. The Contour Bottle was designed to help Coca‑Cola stand out from other drinks at the time, and the design brief was to ensure that the bottle was recognisable even in the dark, or if it was broken.

Detailed explanation-3: -NOW IN RETURNABLE BOTTLES. * Coke’s new returnable glass bottles are one of the best ways to share and enjoy some of your favorite Coke products with family and friends-it’s the Coke experience you love that also minimizes waste.

Detailed explanation-4: -Coca‑Cola introduced the ultra-glass Contour Bottle designed for improved impact resistance, reduced weight and cost. These bottles are 40 per cent stronger and 20 per cent lighter than the original Coca‑Cola Contour Bottle – saving approximately 52, 000 metric tons of glass in 2006.

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