coffee
coffee beans, coffee, roasted @ Pixabay

What changes in demand for coffee? A change in which of the following will cause a change in the quantity demanded of coffee?, A: The price of tea. B: Income level. C: Population Density. D: Number of Starbucks locations per capita. A: The price of tea. E: All the above will cause a change in demand for coffee, but not necessarily directly proportional to each other’s effect on demand. Some may be more influential than others are when it comes to how much they influence the demand for coffee and what that means for supply given an increase or decrease in quantity demanded after a major shift in one variable (examples include population density changing as people move away from certain areas and income levels shifting because wages can’t keep up with increased cost-of-living.) Which is most responsible? It depends on which you’re looking at. A change in which of the following will cause a change in the quantity demanded of coffee? A: The price of tea. B: Income level. C: Population Density. D: Number of Starbucks locations per capita. E: All the above will cause a change in demand for coffee, but not necessarily directly proportional to each other’s effect on demand. Some may be more influential than others are when it comes to how much they influence the demand for coffee and what that means for supply given an increase or decrease in quantity demanded after a major shift in one variable (examples include population density changing as people move away from certain areas and income levels shifting because wages can’t keep up with increased cost-of-living.) Which

LEAVE A REPLY

Please enter your comment!
Please enter your name here