1.Consider the market for Coca Cola.Using Supply and Demand diagrams show the impact of each of the following in the market and provide a brief explanation of the movement from the initial equilibrium to the final equilibrium.(Treat each independently from the others.)

a.A recent report indicates that the consumption of soft drinks reduces life expectancy.

b.The price of Pepsi Cola increases.

c.The sale of soft drinks in public schools is discontinued nationwide.

d.A serious fungus affects Kola trees seriously limiting the supply of Kola (Cola) nuts.

e.In an effort to reduce obesity the federal government imposes a price floor equal to 150% of the current market price.