Economy, asked by mourya1975, 1 day ago

3. Coke and Pepsi are substitutes. Examine the situation of supply of Pepsi if there is an increase in the price of coke.​

Answers

Answered by abhaysingh636251
0

Explanation:

An increase in the price of Coke would result in decrease in the demand for Pepsi. Explanation: Coke and Pepsi are substitute goods. An increase in the price of Coke would induce consumers to substitute Coke by Pepsi.

Answered by theabhisheksingh0216
0

Answer:

with effect 0f increase in the price of coke, the demand for pepsi will increase which results the increase in supply of pepsi.

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