If the price of Pepsi decreases relative to the price of Coke and 7-UP, the demand for:
A. Coke will decrease.
B. 7-UP will decrease.
C. Coke and 7-UP will increase.
D. Coke and 7-UP will decrease.
Answer:D
If the price of Pepsi decreases relative to the price of Coke and 7-UP, the demand for:
A. Coke will decrease. B. 7-UP will decrease. C. Coke and 7-UP will increase. D. Coke and 7-UP will decrease.