Supply, Demand, and Price Elasticity Paper

Supply, Demand, and Price Elasticity Paper - are buying...

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The causes of shifts in demand are that prices changes when tea is being used as a substitute. Prices have risen from 2005 to 2009 and sharply in the second half of 2010 on fears of a bad harvest in key coffee-producing countries, with the ICO indicator price reaching 172 by Dec. 2010. There are also concerns about health issues that are affected by the caffeine in coffee. There are some studies that suggest that with high consumptions of unfiltered coffee is associated with mild elevations in cholesterol levels. It can also cause problems such as restlessness, anxiety, irritability and sleeplessness, particularly in susceptible individuals. There are changes in consumer income that affects the coffee industry. With unemployment, consumers
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Unformatted text preview: are buying coffee least than normally. The causes of shifts in supply are that the weather conditions in coffee producing areas affect the coffee to produce. Such as in Brazil, dry weather in coffee-producing may hurt yields of beans in the initial phase of maturation. Beans that are in the early stages of maturation may have reduced yields as the lack of water will make them lighter. There are also political stability in coffee-producing and wages in coffee producing areas. Nutrition and Healthy Eating. http://www.mayoclinic.com/health/coffee-and-health/AN01354...
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