31. After you have studied Reading Between the Lines on pp. 70–71 answer the following questions.

a. What happened to the price of coffee in 2010?

b. What substitutions do you expect might have been made to decrease the quantity of coffee demanded?

c. What influenced the demand for coffee in 2010 and what influenced the quantity of coffee demanded?

d. What influenced the supply of coffee during 2010 and how did the supply of coffee change?

e. How did the combination of the factors you have noted in parts

(c) and

(d) influence the price and quantity of coffee?

f. Was the change in quantity of coffee a change in the quantity demanded or a change in the quantity supplied?