The Price of Coffee Increases Because of Low Crop Yields

question 79

Multiple Choice

The price of coffee increases because of low crop yields.If the consumer's utility schedule for coffee remains constant,we can predict that coffee consumption

• A) will increase.
• B) will decrease.
• C) will stay the same.
• D) will increase if the marginal utility of coffee diminishes and will decrease if the marginal utility of coffee increases.
• E) might change, but we need more information to determine if it increased, decreased, or did not change.

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Definitions:

Irish Famine

A period of mass starvation, disease, and emigration in Ireland between 1845 and 1852 that was caused by potato blight.

Potato Crop

A cultivated plant of the species Solanum tuberosum, grown for its edible tubers.

Slime Molds

Group of eukaryotic organisms that are not fungi, plants, or animals but share common characteristics with these groups during parts of their life cycle.

Protists

Refers to a diverse group of eukaryotic organisms, mostly unicellular, that are not animals, plants, or fungi.