Question
Assume your group had a firm that a supplies coffee to the Jamaican market. Die to bad weather conditions your coffee output decreases and the
Assume your group had a firm that a supplies coffee to the Jamaican market. Die to bad weather conditions your coffee output decreases and the price of your coffee increases.after this situation wad explained to a group of industry players, one of them declared " even though these factors will impact supplythey will not significantly impact the demand for coffee or the demand for tea (substitute ) ." Please note that the price of tea did not change. using diagrams and examples, as appropriate, discuss and justify you support or opposition to this statement.
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