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The Cross-Price Elasticity of Demand Between Coca-Cola and Pepsi Is

Question 22

Multiple Choice

The cross-price elasticity of demand between Coca-Cola and Pepsi is likely to be _____


A) negative because the goods are complements.
B) positive because the goods are complements.
C) negative because the goods are substitutes.
D) positive because the goods are substitutes.
E) zero because the goods are not usually consumed by the same person at one time.

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