Coke and Pepsi Are Perfect Substitutes for Mr

question 8

Multiple Choice

Coke and Pepsi are perfect substitutes for Mr.Drinker and the slope of his indifference curves is - 1.One day he bought 2 cans of Coke and 20 cans of Pepsi.(The cans of both drinks are the same size.)

• A)Coke is less expensive than Pepsi.
• B)Coke is more expensive than Pepsi.
• C)Coke and Pepsi cost the same.
• D)Mr.Drinker prefers Pepsi to Coke.
• E)None of the above.

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