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

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 3QR

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