Uf correct i will give thumbs up 25. A study shows that the coefficient of the cross price elasticity of Coke and Sprite is positive. This information indicates that Coke and Sprite are: A) normal goods. B) complementary goods C) independent goods. D) substitute goods. E) both A and B. 26. In constructing models, economists: A) must use mathematical equations. B) include all available information. C) make simplifying assumptions. D) attempt to duplicate the real world. E both B and D. 27. Which of the following statements is not correct? A) An increase in money income will shift the budget line to the right. B) An increase in product prices will shift the budget line to the left. C) A reduction in money income will shift the budget line to the right. D) A reduction in money income accompanied by an increase in product prices will necessarily shift the budget line to the left. E) none of the above. 28. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) an increase in price will increase total revenue. C) demand may be either elastic or inelastic. D) demand is elastic. E) both A and D