Figure 2.1.2
-Refer to Figure 2.1.2. The price of coffee is currently $6.00. and quantity demanded is 7 million pounds. Then there is a notable increase in the preference for coffee over other substitutes, like tea. Which move best describes this change?
A) A move from B to A
B) A move from B to C
C) A move from B to A, and then to C
D) A move from B to C, and then to A

Question

Figure 2.1.2
-Refer to Figure 2.1.2. The price of coffee is currently $6.00. and quantity demanded is 7 million pounds. Then there is a notable increase in the preference for coffee over other substitutes, like tea. Which move best describes this change?
A) A move from B to A 
B) A move from B to C 
C) A move from B to A, and then to C 
D) A move from B to C, and then to A

Quizplus · Accepted Answer

An increase in preference for coffee over other substitutes, like tea, would lead to an increase in both the quantity demanded and the price of coffee. This would result in a movement along the demand curve from point B to point C.

Figure 2.1.2 -Refer to Figure 2.1.2. the Price of Coffee Is Currently