In Order to Prove That Coca Cola and 7-Up Are

question 66

Multiple Choice

In order to prove that Coca Cola and 7-Up are substitutes, one should test the __________ and get a __________.

• A)price elasticity of demand; number less than negative 1
• B)income elasticity; positive number
• C)cross-price elasticity; negative number
• D)price elasticity of demand; number greater than negative 1
• E)cross-price elasticity; positive number

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Definitions:

Inversely

A term describing a relationship between two variables whereby they move in opposite directions; as one increases, the other decreases.

Coulomb

A quantity of electrons equal to 6.253 x 10^18.

Amperage

The strength of an electric current measured in amperes, indicating the flow rate of electric charge through a conductor.

Electrical Circuit

A network consisting of a closed loop, giving a return path for electric current to flow, which includes at least one power source and one electrical component.