Question no 3102 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 96

SSC CGL Tier 1 :: GA Test 96

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1 .

If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for

[ A ] Coke will decrease
[ B ] 7-up will decrease
[ C ] Coke and 7-Up will increase
[ D ] Coke and 7-Up will decrease

Answer : Option D

Explanation :

A decrease in the price of a good normally results in an increase in the quanti ty demanded by consumers because of the law of demand, and conversel y, quant ity demanded decreases when price rises. So. here the decrease in price of Pepsi will increase in demand for it, while the demand for Coke and 7-Up will decrease because of no change in their price level

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