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If a Lower Price for a Pepsi Decreases the Demand

Question 134

Multiple Choice

If a lower price for a Pepsi decreases the demand for a Coke,the cross elasticity value for Pepsi and Coke is


A) definitely negative.
B) definitely equal to zero.
C) definitely positive.
D) definitely greater than one.
E) possibly negative, positive, or zero, but there is not enough information to decide.

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