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no Consider the market for iced coffee. Suppose that the price of an iced coffee falls from $4.25 to $3.50. Assuming that the point C

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no Consider the market for iced coffee. Suppose that the price of an iced coffee falls from $4.25 to $3.50. Assuming that the point C 'E on the graph below corresponds to the initial price of $4.25, move the point to a new position on the curve to show the impact of m 11; this price change (holding everything else constant). NJ E U m 2 @ Market for Iced Coffee 45 4,0 .3 E 35 Price 3.25 D 30 Quantity

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