Question: Consider the relationship between two substitute commodities: carboitated beverages and energy drinks. What will happen in the market for energy drinks if a technological process
Consider the relationship between two substitute commodities: carboitated beverages and energy drinks.
What will happen in the market for energy drinks if a technological process is invented which makes it cheaper to produce carbonated beverages?
Show the shift in supply or demand for energy drinks. Then indicate the change in equilibrium price and quantity.
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