Question: Show graphically and explain briefly how the following occurrences will likely affect the market diagram for Coca Cola. a.The price of Pepsi rises. b.The government

Show graphically and explain briefly how the following occurrences will likely affect the market diagram for Coca Cola.

a.The price of Pepsi rises.

b.The government imposes a higher tax on sodas.

c.People become more health conscious.

d. The price of Coca Cola increases.

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