The data displays the demand price elasticity for selected alcoholic drinks worldwide as of 2014. According to the report, the demand price elasticity for tequila and mezcal was -1.17 that year. The average demand price elasticity for alcoholic drinks was -0.44.
Blended Scotch whiskey | -0.07 |
Brandy and cognac | -0.12 |
Vodka | -0.15 |
Single malt whiskey | -0.17 |
Still light grape wine | -0.19 |
Vermouth | -0.19 |
Champagne | -0.39 |
Rum | -0.4 |
Alcoholic drinks - average | -0.44 |
Beer - lager | -0.48 |
Beer - total | -0.51 |
Liquers | -0.55 |
RTDs | -0.79 |
Beer - stout | -0.95 |
Tequila and mezcal | -1.17 |
Dark beer | -1.48 |
High strength premixes | -1.83 |