An increase in the cost of coffee beans,which is used to make coffee,will cause the ____________ for coffee to shift __________.

Question

Quizplus · Accepted Answer

An increase in the cost of coffee beans, which is an input for making coffee, will increase the production cost for the suppliers. Consequently, suppliers will reduce the quantity supplied to the market, which will cause a leftward shift in the supply curve. Therefore, the correct answer is D - supply; left.

An Increase in the Cost of Coffee Beans,which Is Used