A Consumer Considers Coke and Pepsi to Be Perfect Substitutes

question 61

Multiple Choice

A consumer considers Coke and Pepsi to be perfect substitutes for each other. What would the consumer's indifference curves for these two goods look like?

• A)L-shaped
• B)horizontal along the entire length
• C)vertical along the entire length
• D)upward sloping
• E)downward sloping with a constant slope

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Definitions:

Java

A popular, high-level, object-oriented programming language designed to have as few implementation dependencies as possible, making it a widely used language for cross-platform applications.

Variable Declared

Declaring a variable refers to the process of defining a variable by specifying its type and name, making it known to the program.

Java

An object-oriented, class-based programming language at a high level, aimed at reducing implementation dependencies to the least possible extent.

Variable Values

Refers to the data or information that variables in a program hold during its execution.