Question
The recent aluminum tariffs imposed by the US administration have increased the cost of aluminum cans in the US, a key input into the production
The recent aluminum tariffs imposed by the US administration have increased the cost of aluminum cans in the US, a key input into the production of canned soda pop. At the same time, increasing news about the dangers of consuming too much sugar, especially in the form of liquid sugar, has changed consumers' attitudes in the US regarding soda pop. In the US, these two shocks most likely caused:
(a) The price of soda pop to increase, and the quantity sold to increase
(b) The price of soda pop to increase, and the quantity sold to decrease
(c) The price of soda pop to decrease, and the quantity sold to increase
(d) The price of soda pop to decrease, and the quantity sold to decrease
(e) The price of soda pop to increase, while the change in the quantity sold cannot be determined
(f) The price of soda pop to decrease, while the change in the quantity sold cannot be determined
(g) The change in the price of soda pop cannot be determined, but the quantity sold will increase
(h) The change in the price of soda pop cannot be determined, but the quantity sold will decrease
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