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PROBLEM 6 (10 points) Assume a retailer sells 2,000 six-packs of Pepsi/day at a price of $2.00 per six-pack. The cross price elasticity of demand

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PROBLEM 6 (10 points) Assume a retailer sells 2,000 six-packs of Pepsi/day at a price of $2.00 per six-pack. The cross price elasticity of demand for Pepsi with respect to Coca Cola price is 0.9. If the price of Coca Cola rises by 20%, what impact will that have on Pepsi sales? What is the demand relationship between these products

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