Price (in $) 4. The coffee shop sells both organic and nonorganic coffee. These products are: (a) Substitutes in product
Posted: Fri Jul 01, 2022 8:13 am
- Price In 4 The Coffee Shop Sells Both Organic And Nonorganic Coffee These Products Are A Substitutes In Product 1 (107.52 KiB) Viewed 46 times
Price (in $) 4. The coffee shop sells both organic and nonorganic coffee. These products are: (a) Substitutes in production b. Complements in production 5. If the price of organic coffee increases, what happens to the supply of nonorganic coffee? a. Increases (b.) Decreases 6. The coffee shop also sells is used coffee grounds to local farmers for fertilizer. Coffee and coffee grounds are: a. Substitutes in production (b) Complements in production 7. If the price of coffee decreases, what happens to the supply of coffee grounds? a. Increases (b.) Decreases 8. Draw the supply curve for the coffee shop below. Label both axes. Suppose there is a drought in Brazil and the price of coffee beans increases. Identify Does this create a change in supply or change in quantity supplied? change your graph. Quantity 9. Suppose coffee is identified as a cure for coronavirus. As a result, more people begin to consume coffee, and price of coffee increases. Draw a new graph in the space below and label the change. Does this create a change in supply or change in quantity supplied?