【单选题】Forget football. At many high schools, the fiercest competition is between Coke and Pepsi over exclusive 'pouring rights' to sell on campus. But last week Jeffrey Durra, president of Coca-Cola America...
【单选题】The cross-price elasticity of demand for Coke with respect to the price of Pepsi has been estimated to be 0.61. If the price of Pepsi falls by 10% in a period, how will that affect the demand for Coke...
A.
The demand for Coke will decrease but by less than 6.1%.
B.
The demand for Coke will decrease by 6.1%.
C.
The demand for Coke will not change because many people prefer Coke over Pepsi.