An increase in the price of sugar (an ingredient for soft drinks) will result in which of the following in the soft drink market?

Both the equilibrium price and quantity will increase.

Equilibrium quantity will decrease, but equilibrium price may decrease, increase, or stay the same.

Both equilibrium price and equilibrium quantity will decrease.

An increase in the equilibrium price, and a fall in the equilibrium quantity.

Equilibrium quantity will increase, but equilibrium price may decrease, increase, or stay the same.

1. Ekuacantake 1 hour to harvest 5 bushels of mangoes or 2 hours to harvest 3 bushels of oranges. Araba can harvest 5 bushels of mangoes in 2 hours or 4 bushels of oranges in 2 hours. Araba'sopportunity cost of producing 1 unit of mangois

3/5 orange.

5/3 oranges.

5/4 oranges.

4/5 orange.