If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for (1) Coke will decrease (2) 7-Up will decrease (3) Coke and 7-Up will increase (4) Coke and 7-Up will decrease

If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for (1) Coke will decrease (2) 7-Up will decrease (3) Coke and 7-Up will increase (4) Coke and 7-Up will decrease
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(4) Coke and 7-Up will decrease Explanation: Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price. A decrease in the price of a good normally results in an increase in the quantity demanded by consumers because of the law of demand, and conversely, quantity demanded decreases when price rises. So, here the decrease in price of Pepsi will increase in demand for it, while the demand for Coke and 7-Up will decrease because of no change in their price level.
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If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for (1) Coke will decrease (2) 7-Up will decrease (3) Coke and 7-Up will increase (4) Coke and 7-Up will decrease

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Will you change your dining habits now that Applebees and IHOP are switching from Coke to pepsi?

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Last Answer : Um – that would be a “no” since those aren’t the kinds of restaurants I frequent anyway.

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Description : Do you like coke or pepsi?

Last Answer : answer:I don’t like either. Carbonated drinks make my stomach ache. I will sometimes drink 7-up or sprite, but I can do so only if I shake the bottle hard first, to make it flat.

Do Diet Coke/Diet Pepsi/Diet Colas really rot children's teeth?

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Last Answer : Diet sodas have artificial sweeteners, right? Those things are terrible for you. I avoid them at all cost, and wouldn't give them to my children. We drink natural soda, and when my children are old enough ... they can drink it as well. I think it's a moderation thing. Too much can hurt the teeth.

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Last Answer : answer:Of the two, so Pepsi, so much. Diet. The tingly action on the throat is awesome. Nowadays, though, I drink Diet Rite cola, which uses Splenda rather than aspartame and has no caffeine and no sodium. It is sort of reminiscent of old-fashioned fountain sodas.

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founded in the year 1886 by a pharmacist named John Pemberton, this product is the second most widely understood term in the world after "OK". What is its name? (1) Aspirin (2) ENO (3) CocaCola (4) Pepsi

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Founded in the year 1886 by a pharmacist named John Pemberton, this product is the second most widely understood term in the world after “OK”. What is its name? (1) Aspirin (2) ENO (3) CocaCola (4) Pepsi

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Two Commodities X and UY can be inferred as complementary to each other if (a) Increase in price of one leads to increase in demand of other and vice versa (b) Increase in price of one leads to decrease in demand of other and vice versa (c) Fall in price of one lead to fall in demand of other one (d) Increase in price of one leads to increase in demand of other one

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Last Answer : (a) 19 increase ; 

Given the money wages, if the price level in an economy increases, then the real wages will - (1) increase (2) decrease (3) remain constant (4) become flexible

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