Answer:
Instrucitons are listed below.
Explanation:
Giving the following information:
Let’s assume that each person in the United States consumes an average of 39 gallons of soft drinks (non-diet) at an average price of $2.00 per gallon and that the U.S. population is 295 million. At a price of $1.50 per gallon, each consumer would demand 49 gallons of soft drinks.
Price= 2
Demand= 295*39= 11,505 million
Price= 1.5
Demand= 295*49= 14,455 million