How many units of coke will be consumed
Problem
If the cross-price elasticity of demand for Coke and Pepsi is 0.5 and presently1000 units of Coke are consumed, how many units of Coke will be consumed if the price of Pepsi increases by 10.
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If the cross-price elasticity of demand for Coke and Pepsi is 0.5. How many units of Coke will be consumed if the price of Pepsi increases by 10.
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