In the soft drink market, an increase in the price of sugar, a necessary ingredient for soft drinks, and an increased concern about tooth decay caused by the consumption of soft drinks will result in which of the following?

Question

Business

Shaniya Beltran

16 April, 11:08

In the soft drink market, an increase in the price of sugar, a necessary ingredient for soft drinks, and an increased concern about tooth decay caused by the consumption of soft drinks will result in which of the following?

+2

Answers (1)

Know the Answer?

Lukas Gilmore · Answer 1

In the soft drink market, an increase in the price of sugar, a necessary ingredient for soft drinks, and an increased concern about tooth decay caused by the consumption of soft drinks will result in which of the following?

The increase in price of sugar will lead to inflation of price of soft drinks but an increase in concern for tooth decay will also tend to reduce or decrease in patronage for soft drinks, hence; the supply curve is affected greatly