If insects were to destroy coffee crops in key producer countries worldwide,which of the following would most likely occur within the coffee market?

Question

Quizplus · Accepted Answer

With the destruction of coffee crops, there would be a decrease in supply of coffee. As a result, prices would increase as consumers compete for the limited supply. This would lead to a decrease in demand as consumers look for alternatives, but initially, prices would rise.

If Insects Were to Destroy Coffee Crops in Key Producer