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Use supply-and-demand diagrams to illustrate the qualitative effect of the following possible shocks on the world coffee market: A new study shows significant health benefits
Use supply-and-demand diagrams to illustrate the qualitative effect of the following possible shocks on the world coffee market:
- A new study shows significant health benefits from drinking coffee.
- An important new use for cocoa is discovered.
- A recession causes a decline in per capita income.
- A new coffee plant that allows for much greater output or yield without increasing cost is introduced into the market.
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