A key skill in economics is the ability to use the theory of demand and supply to analyze specific markets. In this assignment you get a chance to demonstrate your ability to analyze the effects of several “shocks” to the market for coffee. Answer all parts of each of the scenario below. Suppose the Ministry of Heath (MOH) in Malaysia publishes a study finding that coffee drinking reduces the probability of getting colon cancer. How do you imagine this will affect the market for coffee? Why?

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