Question
When the demand for zero sugar soft drinks increases due to changes in consumer tastes, and the supply of these drinks increases as a result
When the demand for zero sugar soft drinks increases due to changes in consumer tastes, and the supply of these drinks increases as a result of reductions in input prices, we will observe
Select one:
a.
an increase in the equilibrium quantity of soft drinks; the equilibrium price may increase or decrease.
b.
a decrease in the equilibrium price of soft drinks; the equilibrium quantity may increase or decrease.
c.
a decrease in the equilibrium price of soft drinks and no change in the equilibrium quantity.
d.
a decrease in the equilibrium quantity of soft drinks and no change in the equilibrium price.
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