answer the following questions. Submit
as a Microsoft Word® document to the Dropbox when completed.
what would happen to equilibrium price and quantity in the market for Pepsi if
the following occurred (be sure to indicate WHY it happens as well):
price of Coke decreases.
household income falls from $50,000 to $43,000
are improvements in soft-drink bottling technology.
price of sugar increases and the Pepsi launches an extremely successful
the following equations for demand and supply to solve for market equilibrium
price and quantity:
Demand: Qd = 100 –
3. Using the diagram below, answer the following
much is the per-unit tax on cigarettes?
price do consumers pay after the tax?
much tax revenue is collected?
is the amount of deadweight loss?