Pepsi and Coke Are Considered Substitute Goods

question 115

Multiple Choice

Pepsi and Coke are considered substitute goods.Because of this,one would predict that,holding all else constant,if the price of Pepsi increases,we would see

• A) the demand curve for Coke shift to the right.
• B) the demand curve for Coke shift to the left.
• C) no change in the demand for Coke.
• D) the demand curve for Pepsi shift to the right.
• E) the demand curve for Pepsi shift to the left.

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Definitions:

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Characteristics or qualities that are attractive or pleasing to others, often influencing their perceptions or decisions positively.

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The ability or skill to do something successfully or efficiently.

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The quality of being pleasant, helpful, and inviting towards others.

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The tendency to lay down principles as incontrovertibly true, without consideration of evidence or the opinions of others.