Refer to the figure above. Demand for coffee last Monday is shown in bold and labeled D(Monday). On Tuesday, the news featured a story explaining that the coffee crop has been contaminated with disease-causing bacteria. The following week:
Refer to the figure above. Demand for coffee last Monday is shown in bold and labeled D(Monday). On Tuesday, the news featured a story explaining that the coffee crop has been contaminated with disease-causing bacteria. The following week:
A.the demand function remained at D(Monday), but the quantity demanded decreased.
B.demand shifted to D(A)( in anticipation of future price increases.
C.demand shifted to D(B)( because some people decided to stop drinking coffee in light of the health hazard.
D.there would be no change in either the demand function or the quantity demanded because not enough time had passed for the report’s effects to be felt.
正确答案:demand shifted to D(B)( because some people decided to stop drinking coffee in light of the health hazard.
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