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Eddi Din [679]
3 years ago
15

Ceteris paribus​, if the price of Pepsi​ increases, the equilibrium price of​ Coca-Cola will​ ________ and the equilibrium quant

ity of​ Coca-Cola will​ ________.

Business
1 answer:
Usimov [2.4K]3 years ago
7 0

Answer:

Rise

Rise

Explanation:

Pepsi and Coca cola are considered substitutes. If the price of Pepsi increases, consumers would begin to consume more coca cola and the demand for coca cola would increase. This would lead to an excess of demand for coca cola over supply and prices would rise.

I hope my answer helps you

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Answer:

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Answer:

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Read 2 more answers
A consumer is someone who uses goods and services, which usually cost money.
yaroslaw [1]
True.

A consumer is anyone who buys and consumes a product or service. 
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