Drinking cola has become more fashionable to the inhabitants of Town X in Kenya and therefore...

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Drinking cola has become more fashionable to the inhabitants of Town X in Kenya and therefore this has led to an increase in the product's demand at every price as shown in the table below. PRICE (Ksh) ORIGINAL Qd NEW Qd 110 100 100 200 300 400 500 600 700 800 900 90 80 70 60 50 40 30 10 100 200 300 400 500 600 700 800 i) Identify the above economic phenomenon. ii) Explain THREE factors that may have led to the scenario. Drinking cola has become more fashionable to the inhabitants of Town X in Kenya and therefore this has led to an increase in the product's demand at every price as shown in the table below. PRICE (Ksh) ORIGINAL Qd NEW Qd 110 100 100 200 300 400 500 600 700 800 900 90 80 70 60 50 40 30 10 100 200 300 400 500 600 700 800 i) Identify the above economic phenomenon. ii) Explain THREE factors that may have led to the scenario.

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