Assume That Coca-Cola and Pepsi-Cola Are Substitutes

question 171

Multiple Choice

Assume that Coca-Cola and Pepsi-Cola are substitutes. A rise in the price of Coca-Cola will have which of the following effects on the market for Pepsi?

• A) A movement down along the Pepsi demand curve.
• B) A rightward shift in the Pepsi demand curve.
• C) A movement up along the Pepsi demand curve.
• D) A leftward shift in the Pepsi demand curve.

---

Definitions:

HTML Document

A markup file written in HyperText Markup Language that forms the backbone of web pages and web applications.

Embedded

In computing, 'Embedded' typically refers to embedded systems, which are combination of computer hardware and software designed for a specific function or functions within a larger system.

Applets

Small Java applications that can be embedded in a web page to provide dynamic and interactive features.