Explain what would happen to equilibrium price and quantity inthe market for Pep

Explain what would happen to equilibrium price and quantity inthe market for Pepsi if the following occurred (be sure to indicateWHY it happens as well):a. The price of Coke decreases.b. Average household income falls from $50000 to $43000c. There are improvements in soft-drink bottling technology.d. The price of sugar increases and the Pepsi launches an extremelysuccessful advertising campaign.