Suppose that theprice of sugar, a major input for making Coca - Cola (Coke), decreased. Usingtwo separate competitive supply/demand diagramsforCoke market, and Pepsimarket, illustrate and briefly explain the probable effects of the decrease inthe price of sugar: onequilibrium price, andequilibrium quantities, in theCoke and Pepsimarket (assume Pepsi uses sweetener instead of sugar). What happens to therevenues of Coke, andPepsi producers/sellers?[Hint: Coke and Pepsi are substitutes]. You may just explain in detail what happens to the demand/supply curves for Coca - Cola market and Pepsi market as well as corresponding equilibrium price and quantity