Business
dksewell98
2016-04-20 11:10:42
If the price of pepsi-cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the demand for pepsi-cola is
ANSWERS
Gsjzhsn
2016-04-20 12:45:07

This type of demand is classified as autonomous demand. Autonomous demand does not depend on other products but is due to increase in consumer usage by natural desire. This type of demand is relative to the needs of the consumer.

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