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A 10 Percent Decrease in the Price of a Pepsi

Question 79

Multiple Choice

A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is


A) 50.
B) 10.
C) 5.
D) 0.20.

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