Read the Rich, Angry Birds case study beginning on page 261 and answer discussion questions 1 through 6. Provide your explanations and definitions in detail and be precise. Comment on your findings.
Provide references for content when necessary.
Provide your work in detail and explain in your own words.
Support your statements with peer-reviewed in-text citation(s) and reference(s). *Please refer to the Grading Criteria for Comprehensive Learning Assessments (CLAss) on pages 10-11 of the syllabus for specific guidelines and expectations

In march 2012, the state of california started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-mi) be clearly labeled with a cancer warning. because of this, both pepsi and coke changed their formula to eliminate 4-mi as an ingredient. if pepsi and coke did not change their formula, holding all else constant, what would have happened to the demand for these goods, assuming pepsi and coke were in a competitive market? a. the demand curve for both pepsi and coke would have shifted to the right, causing the price of both products to decrease and the profits for the companies to fall. b. the demand curve for pepsi and coke would have remained unchanged, but the price of both products would have decreased and the profits for the companies would have fallen. c. the demand curve for pepsi and coke would have decreased, but the prices and profits would not have changed. d. the demand curve for only one of them would change because pepsi and coke are substitutes. e. the demand curve for pepsi and coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.