Essay
Assume the market for coffee is initially in equilibrium.
a)Draw a demand and supply diagram to illustrate the initial equilibrium.
b)Explain the impact on the coffee market if there is a decrease in business taxes.
c)Graphically illustrate the impact on the diagram you prepared for part (a).
Correct Answer:
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a) 
b)A decrease in business ...View Answer
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Correct Answer:
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b)A decrease in business ...
View Answer
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