qsuppose initially that the demand also supply, Business Economics

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qsuppose initially that the demand also supply

Q. Suppose initially that the demand also supply for premium coffees (1lb bags) are in equilibrium. Now suppose Starbucks introduces world to premium blends, and so demand rises substantially. Describe what will happen to this market as it moves to a new equilibrium. If a hard freeze eliminates Brazil's premium coffee crop, what will happen to the price of premium coffee?

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Business Economics: qsuppose initially that the demand also supply

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