If the price of Pepsi decreases, other factors constant, then we'd expect to see a consequent shift of the demand curve for:
A. Coke to the left
B. Coke to the right
C. Pepsi to the left
D. Pepsi to the right
Answer: A
Economics
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A firm that is the only seller of a product and is in sole control of a market has a
A) monopoly. B) quantity regulations. C) subsidy. D) public good.
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Which of the following is NOT one of the determinants of the gains of adopting a single currency?
A) A well-synchronized business cycle involving all member countries B) The possibility of factors of production to freely move across borders C) The willingness and ability of member countries to design policies to address regional imbalances that may develop D) Widening the common market by allowing other countries to join E) None of the above.
Economics