An increase in the cost of coffee beans that are used to make coffee will cause the _____ for coffee to shift _____.

Question

Quizplus · Accepted Answer

An increase in the cost of coffee beans will increase the cost of production for coffee, decreasing the incentive to produce coffee, and therefore shifting the supply curve to the left. This will result in a decrease in the quantity supplied of coffee at any given price.

An Increase in the Cost of Coffee Beans That Are