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.

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Definitions:

Glucocorticoids

Steroid hormones produced by the adrenal cortex that regulate metabolism, inflammation, immune response, and stress.

Norepinephrine

A neurotransmitter and hormone involved in the body's stress response, also known as noradrenaline.

Adrenal Medulla

The inner part of the adrenal glands that secretes adrenaline and noradrenaline, involved in the body's fight-or-flight response.

Mineralcorticoids

A class of corticosteroids that primarily regulate electrolyte and water balance by affecting ion transport in the kidneys.