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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
A continuing, long-term, large decline in the demand for coffee will not cause the price of coffee to fall much over the years if
A) coffee is not scarce.
B) the demand for coffee is highly elastic.
C) the demand for coffee is highly inelastic.
D) the supply of coffee is highly elastic.
E) the supply of coffee is highly inelastic.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
Happy to help, let me know if you have any more requests.
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