Assuming That Pepsi-Cola and Coca-Cola Are Substitutes, a Rise in the Price

question 189

Multiple Choice

Assuming that Pepsi-Cola and Coca-Cola are substitutes, a rise in the price of Pepsi-Cola, other things being equal, results in a(n) :

• A) upward movement along the demand curve for Coca-Cola.
• B) downward movement along the demand curve for Coca-Cola.
• C) leftward shift in the demand curve for Coca-Cola.
• D) rightward shift in the demand curve for Coca-Cola.

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