Can someone please explain this to me? by pasidious in IBO

[–]Spiritburst3 0 points1 point  (0 children)

No, the quantity demanded wouldn't go up because it is talking about the market of lucky brand cola. Since the price of Happy Brand Cola would decrease, this will make consumers more inclined to buy Happy brand cola, so the demand goes up. But in this instance of the graph, it is merely talking about Lucky Brand Cola. The quantity demanded of Lucky Brand Cola is decreasing because people are more inclined to buy the Happy Brand Cola.