According to the income effect, when the price of Coca Cola falls, its price falls relative to the price of Pepsi Cola. Consumers thus have an incentive to purchase more Coca Cola and less Pepsi Cola.

Name: According to the income effect, when the price of Coca Cola falls, its price falls relative to the price of Pepsi Cola. Consumers thus have an incentive to purchase more Coca Cola and less Pepsi Cola.
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Question

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The Answer is False

According to the Income Effect, When the Price of Coca