What would your export response to coca-cola be if the

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What would your export response to Coca-Cola be if the price of Pepsi doubled? If the prices of Coca-Cola and Pepsi remained constant, what could your buying response be to these products if your income was condensed by 30%? Suppose all carbonated beverages tripled in price. How would concepts of utility, income, and substitution impact your purchases based on the rise in cost of carbonated beverages?

Reference no: EM13370654

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