Business, 08.01.2021 17:10 SkyeShadow525

Suppose we are analyzing the market for coffee. For each of the events given below, state he demand curve and/or the supply curve would shift, provide reasons for the whether t shift, and indicate the effect on the equilibrium price and equilibrium quantity. (12 marks) a. The price of tea, a substitute for coffee, falls.
b. The price of coffee beans decreases
c. A better method of harvesting coffee beans is introduced.
d. Consumer income falls because of a recession, and coffee is considered a normal g
e. Farmers expect the price of coffee beans to increase next month.
f. Currently, the price of coffee is $2.50 per cup above equilibrium.

Answers: 1

Show answers

Answers

Answer from: fruitbutt77

a. The price of tea, a substitute for coffee, falls.

demand curve will shift to the left, decreasing the equilibrium quantity and decreasing equilibrium price of coffee.

b. The price of coffee beans decreases

the supply curve will shift to the right, increasing total quantity supplied and decreasing equilibrium price.

c. A better method of harvesting coffee beans is introduced.

the supply curve will shift to the right, increasing total quantity supplied and decreasing equilibrium price.

d. Consumer income falls because of a recession, and coffee is considered a normal g

demand curve will shift to the left, decreasing the equilibrium quantity and decreasing equilibrium price of coffee.

e. Farmers expect the price of coffee beans to increase next month.

supply curve will shift to the left, since coffee bean farmers will not sell their products until the price rises. This will cause a shortage in the supply of coffee beans and a shortage int he supply of coffee, resulting in a higher equilibrium price.

f. Currently, the price of coffee is $2.50 per cup above equilibrium.

the demand curve will shift to the left, decreasing quantity demanded and decreasing equilibrium price

Answer from: Quest

whats the question fjefjejfejfegrgrgrg

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Other questions on the subject: Business

Business, 21.06.2019 22:50, carolineepoolee84

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Answers: 1

continue

Business, 22.06.2019 13:30, karenjunior

Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?

Answers: 1

continue

Business, 22.06.2019 19:50, ahoney2233

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.

Answers: 2

continue

Business, 22.06.2019 22:20, ciara180

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic. b. a tax burden falls more heavily on the side of the market that is less elastic. c. a tax burden falls more heavily on the side of the market that is closer to unit elastic. d. a tax burden is distributed independently of the relative elasticities of supply and demand.

Answers: 1

continue

You know the right answer?

Suppose we are analyzing the market for coffee. For each of the events given below, state he demand...