Sunday, May 24, 2020
Baptism Is A Part Of The Journey - 1328 Words
Baptism is such a significant moment in the life of a believer it should be celebrated with friends and family. A party with balloons, cake and champaign (sparkling cider) should follow in order to celebrate that someone has just gone from death to life. Baptism is not a moment of having it all together or having achieved an inability to sin, rather it is identification with Christââ¬â¢s death and resurrection. It marks a profession of faith and commitment to follow Christ. Baptism is a part of the journey for every follower of Jesus. What is baptism all about? Baptism is an outward sign of an inward commitment to Christ. Just like a couple wears a wedding ring as a symbol of their commitment to one another, so is baptism. Thereby, marking a life-long commitment to Jesus and the church. Baptism first shows up in scripture with John the Baptist calling people to turn from their sins and turn to God. Even Jesus was baptized by John in Jordan. Matthew 3:16-17 says, ââ¬Å"After his baptism, as Jesus came up out of the water, the heavens were opened and he saw the Spirit of God descending like a dove and settling on him. And a voice from heaven said, ââ¬Å"This is my dearly loved Son, who brings me great joy.â⬠This marked Jesusââ¬â¢ entrance into his ministry. Furthermore, after Jesus rose from the dead he told his disciples to ââ¬Å"Go and make disciples of all the nations, baptizing them in the name of the Father and the Son and the Holy Spiritâ⬠(Matthew 28:19 NLT). The mandate from Jesus was toShow MoreRelatedChristian Worship : Principles And Practice1308 Words à |à 6 PagesDraft --- Essay Word Count --- 1290 Words Question: In what ways does the baptism service of Common Worship differ from that of the Book of Common Prayer (1662)? Discuss with reference to structure, theology and performance This essay discusses the differences in the baptism service of Common Worship and the Book of Common Prayer (BCP)1662 in terms of structure, theology and performance. The BCP views the sacrament of baptism and understands it as a ?moment? model[footnoteRef:1] and it is administeredRead MoreEssay about Christian Tradition: THe Importance of Baptism789 Words à |à 4 Pagesliving religious tradition is Baptism. Baptism is of utmost importance for most Christian denominations. It has profound significance for the individual who is baptised and is also important for the Christian community as a whole. As a sacrament of initiation, Baptism calls its adherents to become missionary Disciples of Christ. It is through baptism that oneââ¬â¢s faith journey begins and Christians are called to follow and live their lives in the light of Christ. Baptism serves a vital role in the developmentRead MoreSacraments of Initiation and Rituals in the Catholic Church1329 Words à |à 5 Pagessacrament of baptism as early as infancy and over the course of time they grow into acknowledgment of the grace that has been presented upon them, of the dignity of their identity as Catholics by continuing to proceed with other sacraments to be a true Catholic. Others however are received by the Church in later stages of life in childhood or adulthood. The sacrament of Baptism is the first of the seven sacraments of the Catholic Church and marks the beginning of a personââ¬â¢s journey in faith withRead MoreThe Sacrament Of Baptism : A Sacrament Essay1109 Words à |à 5 PagesEssay 10/10/2014 THE SACRAMENT OF BAPTISM Christianity has marked an important event of the natural progress of a human life with ceremonies. There are seven sacraments in Christianity, each of them represents for different meaning, history and practice throughout Christian history. The sacrament are are Baptism, Eucharist, Reconciliation, Confirmation, Marriage, Holy Order and Anointing of the Sick. ââ¬Å"The Sacrament of Baptism is the first step in a lifelong journey of commitment and discipleship.Read MoreBaptism in the Baptist Church Essay817 Words à |à 4 Pages Baptism in the Baptist Church Baptism is the opportunity for a believer to draw nearer to God in Faith and to show that they fully trust God to take a hold of their lives. We know that Baptism is important in Christianity because in the Bible it states Repent, and let every one of you be baptized in the name of Jesus Christ for the remission of sins; and you shall receive the gift of the Holy Spirit (Acts 2:38) Baptism and Holy communion in the Baptist ChurchRead MoreThe Epic Of Gilgamesh And The Odyssey1487 Words à |à 6 Pagescomplex ideas, and it plays a significant role throughout both literary pieces. In the Epic of Gilgamesh, water is mainly used to symbolize life and death as well as rebirth or baptism. In several of Gilgameshââ¬â¢s dreams water is used as a symbol that represents life. An example of this is when Gilgamesh and Enkidu journey into the forest to kill Humbaba. In one dream Gilgamesh dreams that Enkidu and him are held by their feet until a man comes and pulls them out. Gilgamesh recollects that ââ¬Å"He gaveRead MoreEpic of Gilgamesh Theme1707 Words à |à 7 PagesJudeo-Christian God represents not just what is most powerful but what is morally bestââ¬âhumans should aspire to imitate him. These differences are noteworthy because Gilgamesh also shares certain common elements with the Judeo-Christian Bible. Both Gilgamesh and parts of the Bible are written in similar languages: Hebrew is related to Akkadian, the Babylonian language that the author used in composing the late versions of Gilgamesh. The Bible comes from the same region as Gilgamesh and shares some of its motifsRead MoreMy Profession Of Faith Essay956 Words à |à 4 Pagesus, ââ¬Å"Your Profession of Faith is an important part in growing in your faithâ⬠. At the time, I was not at all ready to make this step, but it was good to learn about. Finally, two years later, I made the step in making my Profession of Faith to grow in my faith and moreâ⬠¦ I was baptized. Being raised in a Mennonite Church, I was never baptized. In the Mennonite faith, baptism is not performed when a newborn baby of a family is born. #10 Rather, baptism in the Mennonite Church is performed when a youngRead MoreThe Holy Bible And Holy Torah1454 Words à |à 6 Pagestheir journey with God, somewhere. (Mar, Interviewee,13/07/15) With both these diverse and spiritual Religions having an Initiation ritual, there will be certain aspects that fill one s transition, from the normal world to the new Religious life, that are filled with multivocal symbols and ceremony. The two major Religions, that require an Initiation ritual, that the writer has focused on is Judaism and Catholicism. The Baptism and Bar Mitzvah are the two initiation rituals. Baptism: Baptism is aRead MoreChristianity Is The Source Of God s Teachings About The World1252 Words à |à 6 Pagesto practicing Christians. When looking at the base pillars of Christianity, it is a good idea to start at the beginning of the Bible. The Bible is the source of Godââ¬â¢s teachings about the world and the people in it. It is organized into two main parts, The Old and New Testament. The first chapter of the Old Testament in the Bible is called Genesis, which is Hebrew for ââ¬Å"beginningâ⬠. (ââ¬Å"Genesisâ⬠Mackie) In this chapter, God creates the world and everything in it completely on his own. A foundation of
Thursday, May 14, 2020
Essay about The Reagan Tax Cuts And Foreign Policy
The Reagan Tax Cuts and Foreign Policy nbsp;nbsp;nbsp;nbsp;nbsp;During the 1980s President Ronald Reagans (our 40th president from 1981 to 1989) domestic policy of a substantial tax cut led to greatly increased economic prosperity for our country. During Reagans administration marked changes were made to the tax code and economic statistics showed a major change for the better. However, at the same time, the Democrats controlled the Congress and continued increased spending against Reagans wishes. The Joint Economic Committee stated that an across-the-board tax cut was not new. In the 20s the Mellon tax cuts were implemented by Secretary of Treasury Andrew Mellon during the Administrations of Hoover, Harding, and Coolidge. Inâ⬠¦show more contentâ⬠¦This act simplified and reduced taxes, but the democrats wanted to claim equal credit for the bill as well. A stock market crash in 1987 raised questions about the nations economic health. A new bill to balance the federal budget became law in 1987, but the huge deficit continued to be a concern to the government. Congress passed Reagans requests for cuts in taxes and in some government programs. Reagan also won increased funds for defense. By 1982, however, the country was in an recession, which meant that there was an extended decline in general business activity, typically three consecutive quarters of falling real gross national product. The economy improved in 1983. But the increased defense spending and tax cut had led to a record budget deficit. Democrats attacked Reagan for cutting social welfare programs and called for reduced defense spending and a tax increase in order to lower the deficit. Foreign Policy President Reagan through foreign policy sought to achieve peace through strength. He had learned how to deal skillfully with Congress and obtain legislation to strengthen our national defense. In 1983, Reagan sent U.S. Marines to Lebanon as part of a peacekeeping force. The Marines were recalled in 1984, after some 240 had been killed in a terrorist attack. Reagan also sent U.S. troops to Grenada in 1983, to prevent what the he saw as a Cuban attempt to take over the Caribbean island nation. The President denounced the left-wingShow MoreRelatedThe Reagan Tax Cuts and Foreign Policy1442 Words à |à 6 PagesThe Reagan Tax Cuts and Foreign Policy During the 1980s President Ronald Reagans (our 40th president from 1981 to 1989) domestic policy of a substantial tax cut led to greatly increased economic prosperity for our country. During Reagans administration marked changes were made to the tax code and economic statistics showed a major change for the better. However, at the same time, the Democrats controlled the Congress and continued increased spending against Reagans wishes. The Joint EconomicRead MoreWhat Was The Reagan Revolution?1337 Words à |à 6 PagesStudent number: 1530575 PP1070: Introduction to American Politics What was the ââ¬ËReagan Revolutionââ¬â¢ and in what ways did it ââ¬Å"change the course which American politics had followed since the 1930sâ⬠? Presidents of the United States are expected to lead the country and find solutions to its problems, but the chances of being allowed to do marginal political steps are negligible and success is rarely accomplished. Ronald Reagan was the president successful in bringing fundamental change in American politicsRead MoreThe Heart Of Reagan s Foreign Policy867 Words à |à 4 PagesWhen Ronald Reagan to the oath of office on January 20, 1981, he called upon Americans to ââ¬Å"begin an era of national renewal.â⬠In response to the serious problems facing the country, both foreign and domestic, he asserted his familiar campaign phrase: Government is not the solution to our problem, government is the problem. His dream was to make America the beacon of hope and freedom for those who do not have freedom. Reagan advanced domestic policies that featured a lessening of federal governmentRead MoreEssay on Ronald Reagans Courage 731 Words à |à 3 Pagesstand up against politicians? To f ight for what you believe in and what you think would benefit the United States of America? It takes courage. Ronald Reagan has that courage, not only did he stay true to his beliefs and ideas, he accomplished them within his presidency. He believed people should be less dependent on their government. Reagan asked citizens to Begin an era of national renewal during his inaugural address. He also declared, Government is not the solution to our problem, governmentRead MoreRonald Wilson Reagan Took Office On January 20Th, 1981.1667 Words à |à 7 PagesRonald Wilson Reagan took office on January 20th, 1981. Reagan served from 1981 to 1989. He served two terms and was president from 1981- 1989. President Reagan defeated Jimmy Carter in the 1980 election and Walter Mondale in the 1984 election. He ran his first campaign mostly on President Carter s shortcomings and failures. His campaign slogan was, Are you better off than you were four years ago? His other slogan was, Lets make Am erica great again. This clearly shows that his campaign strategyRead MoreThe Anti Epidemic Of Hiv / Aids909 Words à |à 4 PagesMany Americans embraced a new conservatism in social, economic and political life during the 1980s, characterized by the policies of President Ronald Reagan who took office in 1981. Often remembered for its materialism and consumerism, the decade also saw the rise of the ââ¬Å"yuppie,â⬠an explosion of blockbuster movies and the emergence of cable networks like MTV, which introduced the music video and launched the careers of many iconic artists, this lead to a rise in drug abuse, crime aggravated by illegalRead MoreRonald Reagans Domestic and Foreign Affairs Essay1728 Words à |à 7 Pages I have decided to write my research paper on the topic of Ronald Reagans Domestic and Foreign Affairs. The reason that I choose this topic was because I have always been personally interested in Ronald Reagans time in office and the national crisis he had to de al with. Reagan was awesome when it came to foreign policy because he knew how to negotiate with foreign leaders and their countries to get what he wanted. There were several instances during his time in office that he had the chanceRead MorePresident Reagan Essay797 Words à |à 4 PagesChloe Carr Professor Blodgett History 271 May 14 2013 Social Darwinism Shaping Reaganomics Ronald Reagan made many economic decisions that supported his beliefs in Social Darwinism throughout his presidency. Social Darwinism is considered to be the ideas of struggle for existence andà ââ¬Å"survival of the fittest,â⬠a term coined by Herbert Spencer in orderà to justify social policies. Over time the individuals with superior biological characteristics will dominate populations that this superRead MoreTax and Reagan1575 Words à |à 7 Pagesdown by inflation, foreign policy turmoil and rising crime rate, the nation was troubled by the late 70ââ¬â¢s. Due to this many Americans were ready to embrace a new conservatism in social, economic and political life in the 80ââ¬â¢s. In the 1980 bid for President, Reagan won the Republican nomination after two failed attempts in 1968 and 1976. Although Ronald Reagan once held Democratic views, he grew more conservative and he official took the side of the Republicans in the 1960ââ¬â¢s. Reagans domestic viewsRead MoreEssay Ronald Reagan1177 Words à |à 5 PagesRonald Reagan had a very successful life. He was the 40th president of the United States (1981-1989). He was an actor for 30 years before he became involved with politics and starred in more than 50 movies. Reagan was born on February 6, 1911 in Tampico, Illinois. Reagan was raised by his traveling shoe salesman father John Reagan, and his mother Nelle. John was an alcoholic and was saved from the Great Depression by the Works Progress Administration. Reagan was strongly influenced by his mother
Wednesday, May 6, 2020
America Is A Great Nation - 959 Words
As a native born American citizen, I am blessed. Blessed with freedom of speech, with freedom of religion, and with the ability to pursue happiness. Because of this American privilege, I am grateful, but I am ignorant. America is a great nation, but because we cannot fully comprehend what it may be like to be born without privilege, we have become selfish. If it is beneficial, America severely chastises and punishes any for the commitment of atrocities against ourselves and others, but when not directly affected, America ignores atrocities committed in other countries, even when committed by us. Joseph Stalin once said,ââ¬Å"When one man dies, thatââ¬â¢s a tragedy. When thousands die, itââ¬â¢s a statistic.â⬠Large numbers in this regard can provide a strange sense of comfort because numbers donââ¬â¢t feel like people. With numbers, comes distance. To truly understand the severity of any situation, we must take in account the statistics and numbers. But we cannot forget what is precious. On September 11th, 2001, a horrific act of terror struck our nation to the core. Fear, devastating and humbling, lodged into our blessed lives. Over 2,800 American civilians were murdered in cold blood when two planes were hijacked and flown directly into the twin towers (Anderson 3). This atrocious event caused the entire country to mourn for its loss, and as American citizens, it is impossible to ignore the destruction of such an event. In such dreadful times, it is difficult to comprehend the magnitude ofShow MoreRelatedThe Great Impact On Native American Nation And The United States Of America1767 Words à |à 8 Pagesuncivilized we as a people can become. However, the greatest and most crucial feud of all was between the entire Native American Nation and the United States of America. This war of hate and disrespect towards tribes of people and their culture is uncalled for and has left a stain that will last forever in time. We choose not to realize the great impact it had on the Native American Nation, and most of what really happened is not mentioned in the text books that we have today. Instead we focus more on the threeRead MoreThe War Between America And America888 Words à |à 4 Pages1800-1900 America had gone through a series of some tough growing pains. It was recovering from its first war with Britain and would not be its last battle, for this newly formed country. The over whelming onslaught of war w as just the start of this small countryââ¬â¢s birth. Within the 1800ââ¬â¢s there were 35 wars in Americaââ¬â¢s history and it was needing to prove its worth by each one. You will see reasons why a young country had to fight to save itself, what effects these battles had on America, and theRead MoreThe Sovereignty Solution By Simons, Mcgraw And Lauchengco Essay1739 Words à |à 7 PagesSolution is the book of choice that was evaluated. This book presents to the readers a radical way to deal with strategy ââ¬â a persuasive, credible and clear contention recommending a basic and significant move in the way Americans characterize their nation s strategy. The authors perceive that despite their considerations and recommendations are not the truly the ultimate solution, they may in any event awaken some truly needed debate relating to the issue. All through the content, the authors constructRead MoreAnalysis Of The Book American Exceptionalism Essay1177 Words à |à 5 Pa gesAmerica is truly without a doubt seen as the land of opportunity. The way that America has evolved from the beginning of itââ¬â¢s time to now, is quite astounding. America went from a nation that held slavery to a nation that fights for equality. Although many use the word exceptionalism in various forms. Some say that exceptionalism is deemed as wonderful, others might say that itââ¬â¢s a mission. The concept of exceptionalism is seen as a great thing, one that many feel so patriotic about. While thoseRead MoreWorld War II And The Great Depression1658 Words à |à 7 PagesUnited Nations helped negotiate and maintain peace, and during the war more jobs helped get the United States out of its biggest economic crisis, the Great Depression. Although, some economists argue that by creating more jobs during World War II, put America into even more debt than the country was already in. Standards of living lessened during the end of the Depression and the start of the war, but p eople understood the changed lifestyle was for a good cause. During World War II, The Great DepressionRead MoreI Thank The Great Creator For Bringing Us All Together1208 Words à |à 5 Pagesbrothers, I thank the great creator for bringing us all together today in a time of such great importance for the future of the Cherokee Nation. The Cherokee are a great and ancient people. Our great ancestors together settled our nation at the beginning, coming from beyond the great waters, to our land that surrounds what the whiteââ¬â¢s now call the Appalachian mountains. Our lands were great, vast, and provided everything our ancestors needed as a Nation. Together as one people, one Nation, we took care ofRead MoreThe Articles Of Confederation And The Constitution Of The United States1096 Words à |à 5 PagesThe Articles of Confederation was the first order of government established within the United States of America from March 1st, 1781 and lasted until March 4th, 1789. This written d ocument established the functions of the national government of the United States after gaining independence from Great Britain. In order to not follow in the footsteps of Great Britain and become a tyranny, the Articles of Confederation declared that each state was independent and sovereign; each state had an absoluteRead MoreAmerica s First Great Depression : Economic Crisis And Political Disorder Essay856 Words à |à 4 Pages Alasdair Roberts book entitled America s First Great Depression: Economic Crisis and Political Disorder After The Panic of 1837 introduces the reader to challenges the United States dealt with in terms of economic and political crisis. He thoroughly entails the drastic decline the nation witnessed shortly after The Panic of 1837 which he coined the start of America s first Great Depression. Alasdair Roberts is a well known Canadian professor at the Truman School of Public Affairs. He frequentlyRead MoreCompare And Contrast The Gettysburg Address And I Have A Dream Speech1065 Words à |à 5 Pagesthe informative Gettysburg Address and the I Have a Dream speech. These two powerful leaders used their speeches to share their visions of America and to persuade the population to join their respective causes. Both speeches, the Gettysburg Address and I Have a Dream, have numerous similarities between them. The leaders both share their visions of America throughout both speeches. First, both men had strong leadership positions. They both were strong figures in the Civil Rights movement, alongRead MoreThe Great Depression And The Beginning Of World War II1663 Words à |à 7 PagesUnited Nations helped negotiate and maintain peace, and during the war more jobs helped get the United States out of its biggest economic crisis, the Great Depression. Although, some economists argue that by creating more jobs during World War II, put America into even more debt than the country was already in. Standards of living lessened during the end of the Depression and the start of the war, but people understood the changed lifestyle was for a good cause. During World War II, The Great Depression
Tuesday, May 5, 2020
Supply and Demand and Coca Cola Increases free essay sample
To know the behavior of consumer when the price of a product increases or decreases. To analyse the change in demand due to some forces in the market. INTRODUCTION Coca-Cola is a carbonated soft drink sold in stores, restaurants, and vending machines internationally. The Coca-Cola Company claims that the beverage is sold in more than 200 countries. It is produced by The Coca-Cola Company in Atlanta, Georgia, and is often referred to simply as Coke (a registered trademark of The Coca-Cola Company in the United States since March 27, 1944). Originally intended as a patent medicine when it was invented in the late 19th century by John Pemberton, Coca-Cola was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coke to its dominance of the world soft-drink market throughout the 20th century. Being a bookkeeper, Frank Robinson also had excellent penmanship. It was he who first scripted Coca cola into the flowing letters which has become the famous logo of today. The soft drink was first sold to the public at the soda fountain in Jacobs Pharmacy in Atlanta on May 8, 1886. About nine servings of the soft drink were sold each day. Sales for that first year added up to a total of about $50. The funny thing was that it cost John Pemberton over $70 in expanses, so the first year of sales were a loss. Until 1905, the soft drink, marketed as a tonic, contained extracts of cocaine as well as the caffeine-rich kola nut. The company produces concentrate, which is then sold to licensed Coca-Cola bottlers throughout the world. The bottlers, who hold territorially exclusive contracts with the company, produce finished product in cans and bottles from the concentrate in combination with filtered water and sweeteners. The bottlers then sell, distribute and merchandise Coca-Cola to retail stores and vending machines. Such bottlers include Coca-Cola Enterprises, which is the largest single Coca-Cola bottler in North America and western Europe. The Coca-Cola Company also sells concentrate for soda fountains to major restaurants and food service distributors. The Coca-Cola Company has, on occasion, introduced other cola drinks under the Coke brand name. The most common of these is Diet Coke, with others including Caffeine-Free Coca-Cola, Diet Coke Caffeine-Free, Coca-Cola Cherry, Coca-Cola Zero, Coca-Cola Vanilla, and special editions with lemon, lime or coffee. In response to consumer insistence on a more natural product, the company is in the process of phasing out E211, or sodium benzoate, the controversial additive used in Diet Coke and linked to DNA damage in yeast cells and hyperactivity in children. The company has stated that it plans to remove E211 from its other products, including Sprite and Oasis, as soon as a satisfactory alternative is found. DEMAND ANALYSIS DEMAND CURVES Demand curve refers to the quantity of the good that a customer is willing to buy and able to purchase over a period of time,at a certain price is known as the quantity demanded of that good. LAW OF DEMAND: It is normally depicted as an inverse relation of quantity demanded and price; the higher the price of the product, the less the consumer will demand From the figure we can say that when the price of product increases demand decreases vice versa,when the price was P1 quantity demanded was Q1,but when the price increases to P2 then quantiy decreases to Q2. FACTORS AFFECTING DEMAND Price of relative goods: Demand for coca cola is also influenced by the change in price of relative goods. In case of coca cola there are number of substitute goods available in the market, we have Pepsi, Miranda, limca, spirit, etc. now if the price of coca cola increases from Rs 12 to Rs 20 whereas the price of other aerated drinks remain the same then the demand for coca cola will fall down. c INCOME OF THE CONSUMER There is a direct relationship between income of consumer and demand. Now coca cola being a normal good, if thereââ¬â¢s an increase in income, the demand will increase and vice versa. TASTE AND PREFERENCES Taste and preferences of the consumers also influence the demand to greater extent. In case of coca cola, if there are hard core consumers who prefer the taste of coca cola, even if the price of coca cola increases, the demand will remain the same. But if the consumers have no taste or preference of coca cola, then if the price increases the demand decreases. GOVERNMENT POLICIES As the study shows, there was a steep reduction in the demand of coca cola when the pesticides were found in few samples of coca cola. As a result consumer was shifting from coca cola to other natural drinks so therefore the demand for coca cola decreased. TIME Time is an important factor that affects the demand of coca cola e. g. the demand for coca cola goes up during festive seasons and during summers AGE GROUP OF THE POPULATION This product is meant for the children, adults and also for the old people so the age groups are not much affected the demand of the product so demand remain same and by the increase in the population, the demand of the product also increases. SHIFT IN DEMAND CURVES SHIFT IN DEMAND CURVE refers to the change in demand due to change in factors other than price. Shift can be of 2 types- 1) Upward shift 2) Downward shift UPWARD SHIFT- When the demand for product increases, price being constant, due to change in other factors e. g. Increase in income. If thereââ¬â¢s an increase in the income of consumers in the future, then thereââ¬â¢s a possibility that the consumer will shift from local drinks in the market to coca cola. From this figure we can see that when the income of the consumer increase in the future then the demand for coca cola increases. DOWNWARD SHIFT- When the demand for the product decreases at same price. eg the demand for coca cola reduces when people found that there was pesticides found in few samples of coca cola. SUPPLY ANALYSIS SUPPLY: LAW OF SUPPLY: It states that if the price of a product increases, quantity supply will increase as the supplier will be willing to supply more to earn more profit. The law shows that there is a positive relationship between price and quantity supply. AS SHOWN IN THE FIGURE WHEN THE PRICE OF THE PRODUCT WAS P1 then the quantity supply is Q1, whereas if the price increases to P2 the quantity supply also increase to Q2. This show as the prices increases the producers are willing to supply more to earn more profit. In case of coca cola this holds true as the price of coca cola increases there will be increase in supply upto a certain level as there are other constrain like easy availability of closed substitute. In the long run if the producer continuously increases the price of coca cola then the demand for coca cola will fall down because of various substitutes available in the market. DETERMINANTS OF SUPPLY: PRICE: As stated in the law of supply, the price is positively related with quantity supplied for coca cola, in short run if there is an increase in the price of coca cola, the producers will be willing to produce more of the product. STATE OF TECHNOLOGY: Due to change in the state of technology in the production process, the cost of production will reduce; as a result supplier will be able to supply more at same price NUMBER OF CONSUMER: In the case of coca cola there are large number of consumer, as a result the supplier are willing to supply more to cater the needs for the large number of customer. PRICE OF INPUTS: Includes labour cost, machinery etc. if there is no scarcity in the supply of these factors so the cost for these factors will reduce as a result the producer is willing to supply more products at same price. SHIFT IN SUPPLY CURVE: Shift in supply curve means change in quantity supplied due to others factors while price remains the same. 1. Upward shift. 2. Downward shift. UPWARD SHIFT: Upward shift takes place when the supplier is able to supply at less at a same price. E. g. decrease in the supply of sugar due to increase in price and excessive exports of sugar results in decrease in production of coca cola. DOWNWARD SHIFT: Downward shift takes place when the suppliers are willing to supply at same price. e. g. due to improvement in technology the cost of production decreases and the suppliers are willing to supply more at the same price. ELASTICITY ANALYSIS Elasticity of demand The elasticity of demand for a commodity is the rate at which quantity changes as the price changes. Price elasticity is found to be relatively elastic. This means if there is small change in price lead to the big change in quantity demanded. In this case the elasticity for demand is said to more than one(Ed 1). From the figure we can see when the price of coca cola was p,the quantity demand was Q, when the price increases to Pââ¬â¢ then the quantity demanded to Qââ¬â¢. Therefore we can say that coca cola is elastic in nature and its elasticity for demand is more than 1. (Ed1) DETERMINANTS OF DEMAND ELASTICITY Availability of substitute: In the case of coca cola substitutes are easily available in the market. The market is already flooded with many aerated drinks. Example: pepsi, LMN, mirianda, thumbs up, etc. So even if there is a increase in the price of coca cola, the consumers will shift their consumption from coca cola to aerated drinks because of easy availability of related substitutes. TIME: The demand for coca cola is always related to a time factor. This implies that elasticity of demand varies with the length of time period. In case of long run elasticity of demand is elastic (because the period is long enough for the people to shift their taste and preference) and in case of the short run the demand remain inelastic. INCOME LEVEL: The demand for coca cola is elastic for middle income group. The middle income group is sensitive to the change in price. Therefore if there is an increase in price of coca cola, the demand in the middle income group will decrease. PROPORTION OF INCOME SPENDS ON THE GOODS: Coca cola is that product which is meant for the youngsters. In the long run the demand is relatively inelastic because even in the long run if there is a increase in price of coca cola even the hard core coca cola drinker will shift their preference because of the constrain in their pocket money whereas in short run the demand is inelastic. INCOME ELASTICITY If the income rises by 20% then the demand will rise by 10% the curve is positively sloped means that elasticity of Income is 0 and
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