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5 January, 07:30

If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for: Multiple Choice:

Coke to the left.

Coke to the right

Pepsi to the left

Pepsi to the right

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Answers (1)
  1. 5 January, 08:52
    0
    The correct answer is letter "D": Pepsi to the right.

    Explanation:

    The demand law states that when the price decreases, the quantity demanded will increase - moving the demand curve to the right, and when the price increases, the quantity demanded decreases - moving the demand curve to the left. The price-quantity demanded relation is inversely proportional.

    Thus, if the price of Pepsi decreases, all else constant - ceteris paribus, the quantity demanded will increase moving the demand curve to the right.
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Home » Business » If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for: Multiple Choice: Coke to the left. Coke to the right Pepsi to the left Pepsi to the right
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