Banking System and Capital Market Questions and Answers for Competitive Exams

Q.

If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for

[A] Coke will decrease
[B] 7-Up will decrease
[C] Coke and 7-Up will increase
[D] Coke and 7-Up will decrease

Answer & Explanation

Answer: Option [D]

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