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If consumers increase their tastes and preferences for coffee, what happens to the equilibrium price of coffee, assuming that all other things remain constant?

asked
User Ting
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2 Answers

7 votes

Answer B Increase

Step-by-step explanation:

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answered
User Lukas Kalinski
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8.4k points
3 votes
If consumers increase their tastes and preferences for coffee, the thing that happens to the equilibrium price of coffee, assuming that all other things remain constant is that the price of the coffee will surely increase. It can be also said that the demand shifts to the right. I hope that the answer has come to your help.
answered
User Andrew Ymaz
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8.4k points
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