Suppose the daily demand for Coke and Pepsi in a small city are given by QC = 90 - 100PC + 400(PP - PC) and QP = 90 - 100PP + 400(PC - PP), where QC and QP are the number of cans Coke and Pepsi sell, respectively, in thousands per day. PC and PP are the prices of a can of Coke and Pepsi, respectively, measured in dollars. The marginal cost is $0.45 per can for both Coke and Pepsi. If PC = $0.60, what is Pepsi's demand function?
A. QP = 90 - 500PP
B. QP = 330 - 400PP
C. QP = 500 - 330PP
D. QP = 330 - 500PP
D. QP = 330 - 500PP
Economics
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