Question 12 0 / 4 pts Coca Cola just conducted a $5.3 million ad campaign. In order to gage the effectiveness of the campaign, Coca- Cola's economists calculated the cross price elasticity of demand between Coke and Pepsi. Which of the following combinations would indicate that the campaign was successful: O From 0.9 to 0.3 From 0.9 to 1.1. From -0.5 to - 0.2 From -0.7 to - 2.0prrect Question 13 0 / 4 pts What is the effect in the market for Chobani yogurt of a simultaneous increase in income and price of milk rises? If demand shifts by a greater amount than supply shifts, then what happens to equilibrium price and quantity of Choban? quantity is indeterminate and price falls price falls and quantity falls price is indeterminate and quantity falls price rises and quantity fallsIncorrect Question 14 0 / 2 pts Suppose at a price of $6 and at a price of $10, Jon Snow purchases 30 units of Coca-cola. Given this information, we know that Jon's entire demand curve for Coca-cola is unit elastic. Jon's demand for Coca-cola is perfectly elastic between the prices of $6 and $ 10. Jon's entire demand curve for Coca-cola is inelastic, Jon's demand for Coca-Cola is perfectly inelastic between the prices of $6 and $10.Question 4 0 / 4 pts Suppose that the price of digital clocks falls from $15 to $12, its quantity demanded rises from 1,300 to 1,600 units. Using the midpoint formula, the price elasticity of demand for digital clocks is 1.2 O -.95 Q .95 1.05