Diet Coke Is a Close Substitute for Diet Pepsi

question 37

Multiple Choice

Diet Coke is a close substitute for Diet Pepsi. When Coca-Cola introduced Diet Coke in 1982, the price elasticity of demand for Diet Pepsi ________ and PepsiCo's ability to raise revenues through price increases ________.

• A)increased; was reduced
• B)increased; increased
• C)decreased; was reduced
• D)had no effect; was reduced

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Definitions:

Delusions

Systematized false beliefs, often of grandeur or persecution.

ECT

Electroconvulsive Therapy, a psychiatric treatment method where seizures are electrically induced in patients to provide relief from mental disorders.

Seizure

A sudden, uncontrolled electrical disturbance in the brain that can cause changes in behavior, movements, feelings, and levels of consciousness.

Blackout

A temporary loss of consciousness or memory, often as a result of alcohol consumption or medical conditions.