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Determinants of Demand - Substitute by cassrynne on 07-15-2008
As the price of the substitute (coke) rises (falls), the demand for the product (pepsi) rises (falls)
Have you heard the news?
What is it about?
Coca-cola seems like they will increase the price of coca-cola drinks.
Is that so? Then, I would just buy Pepsi, then.
I guess, I'll change my preference to pepsi, too.
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