What is the type of Starbucks’ market?

What are the main conditions of this market

What is the shape of Starbucks’ demand curve?

What is the degree of price elasticity of demand of Starbucks? Why?

Did Starbucks make a good economic decision in raising the prices? Why? 

What are the Starbucks’ maximum profit conditions?

What are the main three items groups that contribute to Starbucks variable costs?

What would happen to Starbucks’ profit if the prices of all three go down, holding other things fixed?

On Wednesday April 8, Starbucks announced that it expects its fiscal second-quarter earnings to be cut nearly in half as the coronavirus pandemic causes sales to plunge in its two largest markets. What would be the right pricing strategy to maximize revenues for Starbucks in the current circumstances?

If you have your own business, what do you learn From Starbucks case study?