carefully explain what is happening in the market for tea. indicate the impact if any on demand, supply,price and quantity .coffee and tea are demand substitutes. coffee plantations increase the supply of coffee. choose the suitable answer. 1) Impact on demand  a. decrease equilibrium quantity  b.excess supply c. increase equilibrium quantity d. decrease towards equilibrium e.increase towards equilibrium f. change in price in uncertain g.decrease equilibrium price h.excess demand i. change in quantity uncertain j.increase equilibrium price k. no impact l.shift outwards/ to right  m.shift inwards/to left

Refer to the above graph, which shows the market for beef where demand shifted from D₁ to D₂. The change in equilibrium from E, to E, cannot be a result of Multiple Choice a health report warning of the dangers of beef consumption a decrease in the productivity of cattle farms. buyers' expectations of lower prices for beef in the very near future. a widespread concern about mad - cow disease. Price Per Pound Nº a E2 Q₂ Quantity UT Supply D₂ 3 Refer to the above graph, which shows the market for beef where demand shifted from D₁ to D₂. The change in equilibrium from E₁ to E2 cannot be a result of

Equilibrium: Where Supply Meets Demand - End of Chapter Problem rise and the equilibrium price will a. If the supply of green tea rises, the equilibrium quantity will is because the equilibrium quantity moves down the demand curve to a lower price and a higher quantity demanded b. Shift the appropriate curve or curves below to show the effect of this change. Market for Green Tea S fall . This

I need help with this one.

The price per kilo of sugar is expected to increase next week. What will happen to the demand for sugar today. a. Increase in quantity demand today b. shift to the left of the supply curve next week c. shift to demand curve to the right next week d. Increase in the quantity supplied today

An increase in supply and a decrease in demand occur in a market. What happens to the equilibrium price and quantity?

Suppose the demand of a product decreases. What will be the effect on the market equilibrium price and quantity if supply is perfectly inelastic? If supply is perfectly inelastic, then  A. the equilibrium price will decrease and the equilibrium quantity will decrease. B. the equilibrium price will decrease and the equilibrium quantity will not change. C. the equilibrium price will not change and the equilibrium quantity will not change. D. the equilibrium price will increase and the equilibrium quantity will increase.

What are some general factors that can impact the demand for a product and the supply of a product? Identify at least two factors for each and explain the different ways these determinants can shift supply and demand either left or right.

Which of the following is one of the factors determining if demand for a good is price elastic or price inelastic? Select one: a. The cost of the resources used in producing the good. b. The relative share of the budget spent on the good. c. Whether the good is a substitute or a complement. d. Whether the good is imported or exported.

Which of the following would NOT cause an increase in demand for Canadian canola? The price of Canadian canola falls. People are worried about the availability of canola in the future, and so they are hoarding (stockpiling) it now. Other countries need canola to feed their livestock (such as pigs), but they are not able to grow enough themselves. The price of other similar plants increases.