Events affects the equilibrium price and quantity of coffee

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Use a supply and demand diagram to illustrate how each of the following events affects the equilibrium price and quantity of coffee. Label all curves, the horizontal axis and the vertical axis. a. A new study finds that consuming at least one cup of coffee a day will reduce the chance of heart disease. b. An increase in the price of creamer. c. A technological improvement for harvesting coffee beans. 2. Consider the market for pizza. If the price of mozzarella cheese increases, a. Is supply or demand is affected? b. Which determinant is affected? c. Does supply/demand increase or decrease? d. Sketch a supply-and-demand diagram that clearly shows the change? e. Does the equilibrium price increase or decrease? f. Does the equilibrium quantity increase or decrease?

Reference no: EM131166422

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