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sugar is needed to produce soft drinks. If the price of sugar rises, 

          sugar is needed to produce soft drinks. If the price of sugar rises,

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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sugar is needed to produce soft drinks. If the price of sugar rises,
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Transcript

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00:01 Buyers expect a higher future price for sugar.
00:04 This will lead to an increasing equilibrium price of sugar.
00:07 So let's draw out our supply and demand curves.
00:09 We have price on the vertical axis and quantity on the horizontal axis.
00:13 Buyers expect a higher future price for sugar.
00:16 So they're going to buy more now at the lower price...
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