The price of a hamburger rises

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1) The United States government releases a report saying that coffee consumption makes you live a longer, healthier life. At the same time, we discover that a very bad winter has killed most of the coffee plants in Brazil. How will these two changes affect the equilibrium in the market for coffee?

2) The price of a hamburger rises. What effect would you expect this to have on the demand for burger buns, and the demand for pizza?

Reference no: EM13800508

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