If the price of Sprite increases, the demand for a substitute good like 7-up will increase too, because people will seek for a substitute product to replace Sprite.
<u>Law of demand</u> explains the higher the price of a good, the less people will demand it (or avoid it), and will seek others to replace it.
Thomas Jefferson was the main author of the declaration of independence
b
When demand increased after the Civil War, a boom in the sheep industry occurred, which led to conflicts with ranchers and farmers over grazing land.
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In just 3 years (1348 to 1350) the Black Death destroyed a third of England's population. Such a dramatic drop in population gave peasants real economic power for the first time NATIONAL ARCHIVES; this improved the economic position of manorial tenants and labourers in the countryside
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