b. How many cans of soda are bought and sold each day? What is the equilibrium price of soda? Equilibrium quantity: Equilibrium price: $ c. What is the price elasticity of demand for soda at the equilibrium price? cans d. What is the price elasticity of supply for soda at the equilibrium price? OIt will increase. per can e. If the price of one of the inputs used to make soda increases, then what will happen to consumers' total expenditure on soda? It will decrease. It will remain unchanged.

Oatmeal is an inferior good and cold cereal is a substitute for oatmeal. The cross‐price elasticity of Raisin with respect to oatmeal is negative.   Using a well‐labeled graph show the effect on the oatmeal market for each of the following. (Please also provide a brief explanation of the relationship (e.g., positive/negative) and the reasons/logic for the relationship.   a. An increase in the price of raisins. b. An increase in income. c. A decrease in population size. d. An increase in the price of cold cereal

Answer the question, using the 3 step approach 4. Explain the cross-price elasticity of demand of I0GO yoghurt when the price of Yop yoghurt reduces?

carefully answer it