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ZOOM + YOUR TURN! GRADED Name or W #: 1. (10 points total) A recent study found that coffee is rich in antioxidants, and that
ZOOM + YOUR TURN! GRADED Name or W #: 1. (10 points total) A recent study found that coffee is rich in antioxidants, and that drinking coffee daily will lower risks of Alzheimer's disease, improve brain function and mood, and increase beneficial gut bacteria. In fact, rumor has it that the USDA will change the U.S. dietary guidelines by including a daily intake of coffee (e.g., see BloombergBusiness, Feb. 19, 2015). Show and explain the impact on the market for coffee. 2. (20 points) The wildfires in the Napa Valley area of California destroyed the grapes used in the production of wine. Demonstrate the impact of the fires on the market for wine. On the second graph to the right of the first, demonstrate what will happen to the market for beer, a substitute in consumption
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