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Could you graphically illustrate how each of the following events, ceteris paribus , will affect the market for coffee. (Start new graph for each question.)

  • Could you graphically illustrate how each of the following events, ceteris paribus, will affect the market for coffee. (Start new graph for each question.)
  • Your diagrams must include initial and subsequent, prices, quantities, curves, equilibriums and related movements along a curve.
  1. The price of tea increases.
  2. Coffee workers organize themselves into a union and gain higher wages.
  3. Coffee is shown to cause cancer in laboratory rats.
  4. Coffee prices are expected to rise rapidly in the near future.
  5. Interest rates decrease.
  • After completing your answers, you must scan or photograph your response(s) and convert them to a "pdf" file for upload in Canvas.
  • Make sure to adjust and/or scale your scan/photograph so your intended answer(s) are legible, discernible and gradable.

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