Scenario 1: The price of iced tea, a soft drinks substitute, increases.

1. which graph illustrates the change in the soft drinks market? Explain.

2. The behavior of the supply curve for soft drinks? Explain.

3. The behavior of the demand curve for soft drinks? Explain.

4. The behavior of the equilibrium price of soft drinks? Explain.

5. The behavior of the equilibrium quantity of soft drinks? Explain.

The following graph shows the scenario in a soft drinks market, answer the related question. Graph 1 Graph 2 Scenario 1: The price of Iced tea. a soft drinks substitute. increases. 1. which oraph illustrates the change In the salt drinks market? Explain. 2. The behavior or the supply come for salt drinks? Explain. 3. The behavior or the demand curve for soft drinks? Explain. 4. The behavior or the equilibrium price of salt drinks? Explain. 5. The behavior of the equilibrium Irritantlt'ir of son: drinks? Explain