Business, 23.09.2019 19:00, kishahall630

Consider the market for generic soda, a product that only has "soda" on its label. we know that demand for generic soda falls when income increases, demand rises when the price of other soda increases, and that demand rises when the price of potato chips falls. graph and explain the effect on equilibrium price and quantity on an increase in income. what type of good is "soda"? graph and explain the effect on equilibrium price and quantity of an increase in the price of premium soda (ex: pepsi). how arc the goods related? graph and explain the effect on equilibrium price and quantity of soda due to an increase in the price of potato chips. how are the goods related?

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