If the price of pepsi increases, then there will be ________ of pepsi.
a.an increase in the supply
b.an increase in the quantity supplied
c.a decrease in the quantity supplied
d.a decrease in the supply
If the price of Pepsi increases, then there will be an decrease in the quantity demanded of Pepsi. When the amount of purchasing Pepsi rises, there is a decline in demand because they are trying to offset the new cost of the Pepsi by purchasing less. When items that aren't a need rise, the demand drops to reflect how pricing does affect certain goods and services.
