1) Suppose the price of sugar goes up. What is the impact on the quantity purchased of soda?

2) What happens to the price of peaches if consumer income declines?

3)Bank of America ATM mistakenly dispenses $100 bills instead of $10s: what is likely to happen? (This problem should remind you of a type of problem we have studied. I am hoping that you recognize which one and apply your knowledge to this situation.)