Which Following Change in the Coffee Market Would Shift the Supply

question 57

Multiple Choice

Which following change in the coffee market would shift the supply curve to the right?

• A) A study finds that drinking coffee leads to higher grades.
• B) The wage for employees in the coffee business decreases.
• C) The income in the economy increases.
• D) Firms expect the price of coffee to increase in the future.
• E) Fifty Starbucks coffee shops close down.

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Definitions:

Product Differentiation

The practice of setting a product or service apart from those in the marketplace to increase its attractiveness to a designated target market.

Market Price

The going rate for purchasing or selling a good or service in a specified market at this time.

Output Price

Refers to the price at which goods or services are sold in the market, affecting producers' revenue.

Brick-And-Mortar

Traditional physical retail stores located in buildings as opposed to online or virtual platforms.