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If Coke's price increases, what will happen to the demand or quantity demanded forPepsi, all other things being equal? Explain whether it is a movement

  • If Coke's price increases, what will happen to the demand or quantity demanded forPepsi, all other things being equal?
  • Explain whether it is a movement along the demand curve or a shift of the demand curve.
  • If Coca-Cola develops a new technology that makes Coke tastier,what will happen to the supply curve and demand curve for Coke?
  • Is the demand (curve or schedule) for Coke or Pepsi seasonally different?
  • What is the relationship between Coke andPepsi? Do they have the same demand curve or are they different? Explain your reasoning.

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