Out of the following events, which are likely to cause the demand for coffee to increase? Explain
Question:
a. An increase in the price of tea
b. An increase in the price of doughnuts
c. A decrease in the price of coffee
d. The Surgeon General's announcement that drinking coffee lowers the risk of heart disease
e. Heavy rains causing a record-low coffee harvest in Colombia
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Related Book For
Microeconomics
ISBN: 978-1464187025
2nd edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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