A change in which of the following will cause a change in the quantity demanded of coffee?



QUESTION 4 A change in which of the following will cause a change in the quantity demanded of coffee? a.consumer income Ob th
A change in which of the following will cause a change in the quantity supplied of coffee? a. the technology or the productio

Answer

Ans.4. d. the price of coffee Other factors constant, when the price of the coffee changes ( increase/decrease), quantity demand of coffee changes( decrease/ increase). There is a negative relationship between price and quantity demand for the coffee and it leads to the movement along the demand curve. other factors such as consumer income, the price of the green tea, a substitute good for coffee and number of coffee consumers. Others factors lead to change in demand and given the price of the coffee, the demand curve for coffee will shift. Ans. c. the price of coffee Other factors constant, when the price of the coffee changes ( increase/decrease), quantity supply of coffee changes( increase/ decrease). There is a positive relationship between price and quantity supply of the coffee and it leads to the movement along the supply curve. other factors such as technology or production process of making coffee, the anticipation of a change in the price of coffee and the wages of coffee bean pickers.

Others factors lead to change in supply and given the price of coffee, the supply curve of coffee will shift.

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