If Coke and Pepsi Are Close Substitutes, Then If

question 94

Multiple Choice

If Coke and Pepsi are close substitutes, then if:

• A) Coke raises its price, so will Pepsi.
• B) Coke raises its price, it will not lose customers to Pepsi.
• C) Pepsi lowers its price, it will not hurt Coke.
• D) Pepsi lowers its price, so will Coke.
• E) Coke raises its price, some customers will switch to Pepsi.

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