Author Question: Substitute goods are goods that are: a. jointly consumed. b. competing for consumer spending. c. ... (Read 116 times)

dollx · **on:** Jun 30, 2018

Substitute goods are goods that are:
a. jointly consumed.
b. competing for consumer spending.
c. used late in the game.
d. inferior.
e. normal.

Question 2

Assume that Coca-Cola and Pepsi-Cola are substitutes. A rise in the price of Coca-Cola will have which of the following effects on the market for Pepsi?
a. A movement down along the Pepsi demand curve.
b. A rightward shift in the Pepsi demand curve.
c. A movement up along the Pepsi demand curve.
d. A leftward shift in the Pepsi demand curve.