Directions: For questions 29-31, imagine there are only two producers of coffee - Cool Beans Coffee Roasters and Aroma Mocha Coffee. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the curve shift left or right? 29. Aroma Mocha announces a sale on all lattes. What will happen to the demand for Cool Beans Coffee? Label this curve DI 30. Studies show that coffee increases energy levels and can make you smarter. What will happen to the demand for all coffee? Label this curve D2. 31. The price for Matcha Tea skyrockets. How will this impact the demand for coffee? Label tlis eurve D3.
Directions: For questions 29-31, imagine there are only two producers of coffee - Cool Beans Coffee Roasters and Aroma Mocha Coffee. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the curve shift left or right? 29. Aroma Mocha announces a sale on all lattes. What will happen to the demand for Cool Beans Coffee? Label this curve DI 30. Studies show that coffee increases energy levels and can make you smarter. What will happen to the demand for all coffee? Label this curve D2. 31. The price for Matcha Tea skyrockets. How will this impact the demand for coffee? Label tlis eurve D3.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Directions: For questions 29-31, imagine there are only two producers of coffee -Cool Beans Coffee Roasters
and Aroma Mocha Coffee. For each question, draw on the graph provided what will happen under the given
circumstances. For example, will the curve shift left or right?
29. Aroma Mocha announces a sale on all lattes. What will
happen to the demand for Cool Beans Coffee? Label this curve
DI
30. Studies show that coffee increases energy levels and can
make you smarter. What will happen to the demand for all
coffee? Label this curve D2.
31. The price for Matcha Tea skyrockets. How will this impact
the demand for coffee? Label tfis eurve D3.
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