Answer:
Price elasticity of demand for Starbucks greater than the price elasticity for coffee generally as demand for Starbucks changes to a greater extend as compare to demand for coffee with respect to change in price.
Explanation:
The price elasticity of demand measures the change in the quantity demanded with respect to change in the price. Demand is said to be elastic if demand changes a lot as the price changes.
Price elasticity of demand for Starbucks greater than the price elasticity for coffee generally as demand for Starbucks changes to a greater extend as compare to demand for coffee with respect to change in price.
