Contemporary Business 14th Edition by Louis Boone, David Kurtz

Exercise 17

Draw supply and demand graphs that estimate what will happen to demand, supply, and the equilibrium price of cof-fee if these events occur:
a. Widely reported medical studies suggest that coffee drinkers are less likely to develop certain diseases.
b. The cost of manufacturing paper cups increases.
c. The state imposes a new tax on takeout beverages.
d. The biggest coffee chain leaves the area.