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Discuss what will happen in this market as it moves

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Reference no: EM1351636

Suppose initially that the demand and supply for premium coffees are in equilibrium. Now assume Starbucks introduces the world to premium blends, and so demand rises substantially. Discuss what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminates Brazil's premium coffee crop, what will happen to the price of premium coffee

Reference no: EM1351636

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