#1 (i)Show how the demand curve for Cofee might be affected by the following<\/p>
variables \"Graph\"<\/p>
a) An increase in the price of coffee.<\/p>
b) A decrease in the price of tea.<\/p>
c) A decrease in consumers' income<\/p>
d) Increase in the price of sugar.<\/p>
e) Consumers prefer to drink more cocoa rather than tea<\/p>
(ii) Show how the supply curve will be affected by the following factors \"Graph\"<\/p>
a) Increase in car prices<\/p>
b) Technological improvement in car production<\/p>
c) Increase in wages<\/p>", "transcribed_text": "", "related_book": { "title": "Intermediate Microeconomics", "isbn": "978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968", "edition": "9th edition", "authors": "Hal R. Varian", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649.jpg", "uri": "\/textbooks\/intermediate-microeconomics-9th-edition-649", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CLNJCVSZ", "uri": "\/textbooks\/3-column-ledger-book-sheet-b0clnjcvsz-121140", "name": "3 Column Ledger Book Sheet", "edition": "" }, "question_posted": "2024-06-13 08:12:53", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-is-the-significance-to-distinguishing-between-represented-persons-and", "description": "What is the significance to distinguishing between represented persons and represented parties in an anticontact rule?", "stars": 3 }, { "url": "\/study-help\/the-law-of-healthcare-administration\/explain-the-difference-between-consent-and-informed-consent-1379709", "description": "Explain the difference between consent and informed consent.", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/recently-the-company-selected-a-random-basketball-from-its-production-1982199", "description": "=+Recently the company selected a random basketball from its production line at four different time periods over its normal production day. 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