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If the price of Pepsi Cola goes down, you would predict:

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A. An increase in supply of coca cola

B. A decrease in supply of coca cola

C. An increase in demand for coca cola

D. A decrease in demand for coca cola

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Correct Answer : D.


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Related Questions

  1. Utility means:
  2. Technological Progress (Invention) can be defined as:
  3. The budget constraint can be written as:
  4. The external economies of scale experienced by a firm include the:
  5. The vertical distance between TVC and TC is equal to:
  6. The main contribution of Prof.Robbins is in the field of:
  7. The Hicksian demand curve includes:
  8. Elasticity of supply means change in supply due to change in:
  9. Law of Diminishing Marginal Utility is practically untrue because:
  10. The falling part of total Utility (TU) curve shows:
  11. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  12. Economic problems arise because:
  13. An iso-product (an isoquant) curve slopes:
  14. According to Marshal, the Law of Diminishing Returns is applicable to:
  15. Total costs are:
  16. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  17. If a new production technology for producing compact discs is developed and new firms are attracted…
  18. Total utility:
  19. Price discrimination occurs when:
  20. The number of sellers in oligopoly are:
  21. In a socialist (communist) economy the invisible hand:
  22. If the demand curve is horizontal then its slope is:
  23. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  24. Of the following, which one corresponds to fixed cost?
  25. If the commodity is normal then fall in price will result in:
  26. The Cambridge School of Thought refers to the group of English economists who came under the influence…
  27. The main objective of the firm is to:
  28. The imaginary differentiation is attributed to difference in:
  29. From analysis, it is clear that both Marshal and Walras market models are:
  30. Demand is consumers:

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