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F If medical research discovered that drinking ten cups of coffee a day would increase life expectancy by 10 years, it seems likely that more

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F If medical research discovered that drinking ten cups of coffee a day would increase life expectancy by 10 years, it seems likely that more people would drink more coffee. If this happened what would most likely happen to the price of coffee? What is the likely impact on supply in both the short and long term? Explain. 4 3 2 1/0 Excellent and correct Very good and correct Good attempt resulting in a Weak demonstration of this explanation using correct explanation but little usage of reasonany accurate answer, subject matter showing a lack terminology throughout correct terminology but lacking a sufficient of effort to utilize the course explanation text G. Several years have passed. and the coffee market has reached a new point of equilibrium. Unfortunately a new medical report has been released showing that excessive coffee consumption actually shortens life expectancy. Immediately, coffee sales drop by 25% resulting in large inventories of coffee beans and coffee shops without enough customers. In economic terms. this large inventory is called a and coffee prices would likely

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