Macroeconomics 6th Edition by Robert Hall,Marc Lieberman

تمرين 2

Discuss, and illustrate with a graph, how each of the following events, ceteris paribus , will affect the market for coffee:
a. A blight on coffee plants kills off much of the Brazilian crop.
b. The price of tea declines.
c. Coffee workers organize themselves into a union and gain higher wages.
d. Coffee is shown to cause cancer in laboratory rats.
e. Coffee prices are expected to rise rapidly in the near future