Multiple Choice
Coke and Pepsi are substitute soft drinks. Which of the following would cause the demand curve for Pepsi to shift to the left?
A) A report emerges that shows that drinking Pepsi helps to promote weight loss.
B) The price of Coke decreases.
C) The price of Pepsi rises.
D) The cost of making Pepsi rises.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: (Figure: Generic Market Producer Surplus) Refer to
Q58: (Figure: Demand Shift) Refer to the figure.
Q59: Which of the following statements is TRUE?
Q64: Recall your reading about NAFTA in the
Q65: A government subsidy causes the:<br>A) supply of
Q66: As the population of elderly in the
Q89: Recall the discussion in your textbook about
Q144: A firm produces volleyballs and soccer balls.
Q160: When the price of oil used for
Q197: Nigeria receives $53 of producer surplus from