If the cross price elasticity of demand for Pepsi with respect to the price of Coca Cola is -0.64, then (please choose all the answers that are correct)     Pepsi is a substitute for Coca Cola.     Pepsi is a complement for Coca Cola         Pepsi is more preferred than Coca Cola.     a decrease in the price of Coca Cola will cause demand for Pepsi Cola to increase.     Pepsi is less preferred than Coke     an increase of 10% in the price of Coca Cola will cause demand for Pepsi Cola decrease by 6.4%.

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Q: Cross-price elasticity of demand

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