60) choose the correct option:1.If Coke and Pepsi are substitutes, an increase in the price of Coke will cause an increase in the equilibrium price and quantity in the market for Pepsi. 2.An advance in the technology employed to manufacture rolle

1-T,2-F,3-F

1-F,2-T,3-F

1-T,2-T,3-F

1-T,2-F,3-T

Answer is:

1-T,2-T,3-F

firms that set their own prices.

only one seller

at least a few sellers

many buyers and sellers.

Answer is:

complements.

inferior goods.

normal goods

none of these answers

Answer is:

increases the supply of that good

decreases the quantity demanded for that good along its demand curve

decreases the demand for that good.

increases the quantity supplied of that good along its supply curve

Answer is:

increases the quantity supplied of that good along its supply curve

increases the supply of that good.

decreases the demand for that good.

decreases the quantity demanded for that good along its demand curve.

Answer is: