An increase in the price of sugar (an ingredient for soft drinks) and an increased concern about tooth decay caused by the consumption of soft drinks will result in which of the following in the soft drink market?
a)equilibrium quantity will decrease,
b) but equilibrium price may decrease,
c)increase,
d)or stay the same.
Answers: 1
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An increase in the price of sugar (an ingredient for soft drinks) and an increased concern about too...
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