Short Answer Questions Explain fullyI and illustrate using the diagrams provided. lQuestion 1) lConsider the market for Brazilian Coffee. Suppose that there has been a change in tastes such that Brazilian Coffee has become less popular with consumers. Suppose at the same time there has been a frost that has damaged the Brazilian coffee bean crop. Without knowing the precise magnitudes of these two effects, what would you as a manager conclude about the effect on the equilibrium price and quantity in the market for Brazilian Coffee? [5 marks} SUPPIYtzcm-'s: Demandcurees On Q Question 2) If the government's goal is to raise the most amount of revenue, which type of goods should it tax, those with more elastic or more inelastic demand and why? Under which scenario would the producer suffer a greater burden of the tax? (Analyse using a per unit IELX.) {5 marks] D mrrhui: D my immr