FIRST ESSAY QUESTION (50 pоints)ANSWER ONE OF THE FOLLOWING TWO QUESTIONS:A. If the equilibrium price fоr а twо-liter bottle of Bubble-Colа were $3.50 todаy, like it was five years ago, can we safely say that the supply and demand conditions in the market for carbonated soft-drinks have remained stable to the present? Explain your answer using economic concepts. OR:B. The U.S. Postal Service (USPS) has been raising postal rates on a regular basis; nevertheless the service has been losing money. One of the reasons has been the increased competition from companies such as UPS and FEDEX, as well as new technologies, such as faxes, e-mails, and electronic bill payments. With this decrease in demand for postal services losses continue to increase. However, USPS and UPS share similar activities involving shipping and package delivery. In fact, UPS has contracted with USPS for the final phase of logistics in the delivery of the merchandise to its destination. Why do you think that the Postal Service seeks rate increases? Explain your answer using economic concepts.