1. ETH 557 Week 2 DQ 2 To purchase this material link http://www.assignmentcloud.com/ETH- 557/ETH-557-Week-2-DQ-2 For more courses visit our website http://www.assignmentcloud.com/ ETH 557 Week 2 DQ 2 What would be the consumer buying response to Coca-Cola if the price of Pepsi doubled? If the prices of Coca-Cola and Pepsi remained constant, what would be the consumers typical buying response to these products if their income was reduced by 30%? Suppose all carbonated beverages tripled in price. How would the concepts of utility, income, and substitution predict consumer behavior based on the rise in the cost of carbonated beverages?