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If Pepsi Goes on Sale and Decreases Its Price by 10

question 101

Multiple Choice

If Pepsi goes on sale and decreases its price by 10 per cent and, as a result, the quantity demanded of Coca Cola decreases by 5 per cent, then Pepsi and Coke are ________ goods.


Definitions:

Prompting

In behavioral psychology, it involves giving cues or hints to facilitate the desired response from an individual.

Shaping

A method of operant conditioning by which successive approximations of a desired behavior are reinforced until the exact behavior is achieved.

Reinforcement

In psychology, a process by which a behavior is strengthened or increased, often through rewards or positive outcomes, following its occurrence.

Empirical Approach

A method of inquiry that relies on observation, experimentation, and evidence rather than theory alone.

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