Please explain how to graph this. From the curve of the demand and supply and the factors that affects the graph

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Please explain how to graph this. From the curve of the demand and supply and the factors that affects the graph

 

 

You are the manager of a firm that produces and markets a generic type of soft drink in
a competitive market. In addition to the large number of generic products in your mar-
ket, you also compete against major brands such as Coca-Cola and Pepsi. Suppose that,
due to the successful lobbying efforts of sugar producers in the United States, Congress
is going to levy a $0.50 per pound tariff on all imported raw sugar-the primary input
for your product. In addition, Coke and Pepsi plan to launch an aggressive advertising
campaign designed to persuade consumers that their branded products are superior to
generic soft drinks. How will these events impact the equilibrium price and quantity of
generic soft drinks? (LOI, LO3, LO5)
Transcribed Image Text:You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic products in your mar- ket, you also compete against major brands such as Coca-Cola and Pepsi. Suppose that, due to the successful lobbying efforts of sugar producers in the United States, Congress is going to levy a $0.50 per pound tariff on all imported raw sugar-the primary input for your product. In addition, Coke and Pepsi plan to launch an aggressive advertising campaign designed to persuade consumers that their branded products are superior to generic soft drinks. How will these events impact the equilibrium price and quantity of generic soft drinks? (LOI, LO3, LO5)
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Can you graph this? So i can visualize! Thank you

 

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