ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shift right (supply increases)
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shift left (supply decreases)
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quantity supplied increases
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quantity supplied decreases
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Detailed explanation-1: -Coca-Cola uses artificial intelligence (AI) to understand customer behavior and brand effectiveness through its next-gen vending machines. Coca-Cola is the world’s largest non-alcoholic beverage company, operating in more than 200 countries and territories.
Detailed explanation-2: -Our supply chains are under increasing pressure from population growth, increased demand for food products and climate change. That’s why we’re sourcing all our agricultural ingredients and raw materials sustainably and responsibly.
Detailed explanation-3: -If the price of Pepsi Cola increases, the demand for Pepsi Cola will decrease, and the demand for Coca Cola will increase.
Detailed explanation-4: -This relationship can be explained by the law of demand which states that as price of a good increases (or decreases), the quantity demanded of that good falls (or rises). Therefore, the lower the price of Coca-Cola, the more a consumer is likely to buy.