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Everything Else Remaining Unchanged,what Is Likely to Happen to the Demand

question 65

Essay

Everything else remaining unchanged,what is likely to happen to the demand curve for coffee workers if:
a)the price of coffee falls?
b)the wage rate of coffee workers increases?
c)the price of coffee seeds increases?
d)a new fertilizer that increases the productivity of coffee farmers is invented?


Definitions:

Evaluation

The systematic assessment of the performance, value, or quality of a project, program, or individual.

Formation Of Values

The development of personal principles and standards of behavior, influenced by factors such as culture, family, and personal experiences.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Pessimistic View

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

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