Suppose the price of Pepsi increases, we will expect the demand curve of Coca-Cola to:
A. shift towards left.
B. shift towards right
C. initially shift towards left and then to right.
D. remains at the same level.
Answer:B
Suppose the price of Pepsi increases, we will expect the demand curve of Coca-Cola to:
A. shift towards left. B. shift towards right C. initially shift towards left and then to right. D. remains at the same level.