Multiple Choice
In order to prove that Coca-Cola and 7UP are substitutes,one should test the _____ and get a _____.
A) price elasticity of demand; number less than −1
B) income elasticity of demand; positive number
C) cross-price elasticity of demand; negative number
D) price elasticity of demand; number greater than −1
E) cross-price elasticity of demand; positive number
Correct Answer:
Verified
Correct Answer:
Verified
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