If the Price of Pepsi Rises, the Price of Coke

question 66

Multiple Choice

If the price of Pepsi rises, the price of Coke ________ because ________.

• A) falls; Coke is a normal good
• B) rises; Coke and Pepsi are substitutes
• C) rises; Coke is an inferior good
• D) rises; Coke and Pepsi are complements
• E) falls; Coke and Pepsi are substitutes

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding information available for processing and is important for reasoning and the guidance of decision-making and behavior.

Right Frontal Lobe

A region of the brain associated with executive functions, including decision making, problem-solving, and controlling emotions.

Left Frontal Lobe

The part of the brain located in the left front hemisphere responsible for controlling movement, reasoning, planning, and some aspects of speech.

Long-Term Memory

The aspect of memory responsible for storing information for extended periods, potentially for a lifetime, including facts, experiences, and skills.