Refer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original demand curve to the new demand curve? 4 Price ($/cup) 3.5 3 2.5 2 1.5 1 0.5 0 10 20 30 Original Supply Quantity (cups/hour) Select one: O a. A decrease in the price of tea O b. An expectation that coffee prices will fall in the future c. An increase in the price of coffee creamer O d. An increase in consumers' tastes for coffee New Supply Original Demand 40 50 60 70 80 90 New Demand
Refer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original demand curve to the new demand curve? 4 Price ($/cup) 3.5 3 2.5 2 1.5 1 0.5 0 10 20 30 Original Supply Quantity (cups/hour) Select one: O a. A decrease in the price of tea O b. An expectation that coffee prices will fall in the future c. An increase in the price of coffee creamer O d. An increase in consumers' tastes for coffee New Supply Original Demand 40 50 60 70 80 90 New Demand
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Refer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original
demand curve to the new demand curve?
4
Price ($/cup)
3.5
3
2.5
2
1.5
1
0.5
10 20
30
Original Supply
Quantity (cups/hour)
Select one:
O a. A decrease in the price of tea
O b. An expectation that coffee prices will fall in the future
c. An increase in the price of coffee creamer
O d. An increase in consumers' tastes for coffee
New Supply
Original Demand
40 50 60 70 80
New Demand
90](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F84435275-5b52-438f-8bcc-b61793acad4f%2F47231e2e-5f88-4005-b8d3-78af85ee0aab%2Ft2rblo4_processed.png&w=3840&q=75)
Transcribed Image Text:Refer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original
demand curve to the new demand curve?
4
Price ($/cup)
3.5
3
2.5
2
1.5
1
0.5
10 20
30
Original Supply
Quantity (cups/hour)
Select one:
O a. A decrease in the price of tea
O b. An expectation that coffee prices will fall in the future
c. An increase in the price of coffee creamer
O d. An increase in consumers' tastes for coffee
New Supply
Original Demand
40 50 60 70 80
New Demand
90
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