Question: Please show work, preferable graph 8. (2pt) Gatorade is a substitute to bottled water. Sugar produced from sugar cane is a component used to produce

Please show work, preferable graph

8. (2pt) Gatorade is a substitute to bottled water. Sugar produced from sugar cane is a component used to produce Gatorade. If this season saw a bad harvest of sugar cane due to unfavorable weather, then everything else remaining the same: (a) the price of and equilibrium quantity of bottled water both must have increased. (b ) the price of bottled water has increased and equilibrium quantity of bottled water must have decreased. (c) the price of bottled water has decreased and equilibrium quantity of bottled water must have increased. (d) None of the above statements is true. 0 (Opt) Wh

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