Draw s and d for each case and show what happens

Reference no: EM133268320

Question: Of the following factors, indicate what will be the effect on the demand or supply curve for coffee: (1) if there is a decrease of labor costs, (2) if there is an increase in income, (3) if there is an increase in the price in the future, (4) if the product becomes trendy or a fad and (5) Coffee price rise because the coffee shops decide to raise price by 40%? You can state whether there is a shift or movement and for Supply and/or demand. You DO NOT have Draw S and D for each case and show what happens.

Reference no: EM133268320

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