chloeann4688
20.01.2021 •
Business
Many of the economic regulations put in place by the U.S. government are intended to do which two things? (Select two answers.)
Many of the economic regulations put in place by the U.S. government are intended to do which two things? (Select two answers.)
Reduce competitionPromote competitionPrevent consumers from supporting small businessesCreate monopoliesPrevent companies from taking unfair advantage of consumersHelp large companies get more powerful
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Ответ:
The correct answer is option D.
Explanation:
Coke and Pepsi are substitutes, a decrease in the price of Pepsi will cause the quantity demanded for Pepsi to increase and demand for Coke to decrease. The decrease in quantity demanded will cause the demand curve to move to the left. The equilibrium price for coke will decrease.
But this will not cause a further change in demand curve. The demand curve will not move to the left due to change in price. So, this statement is not true.