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∙ 9y agoThe thing that has made people start paying so much for coffee all over the world is the name Starbucks. It is a fad, people like the idea that getting Starbucks is cool.
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What do you mean by price of related commodity?
Related goods are nothing but substitutory goods such as tea and coffee, tomato and tamarind. If the price of tea has gone up then the consumer will have an option of substitution(i.e. coffee). Or if the price of coffee have come down while that of tea is constant the consumer would prefer the low cost drink i.e. coffee. So in this case due to fall in the price of related good/commodity i.e. coffee has an impact on other good i.e. tea though there is no change in the price of latter(tea).
Why has the price of maple syrup gone up so much so fast lately?
Because the petrol price has gone up?
What factor might lead to the opening of several new pizzerias in town?
The price of Pizza has gone up
What chocolates have gone up in price?
Over time all of them have increased in price.
Why has the price of copper gone up?
becaus it can spongebob
Who set the price of coffee?
Who set the price for coffee
What does increase in cost or services mean?
Price has gone up
Why has the price of ammo gone up?
the price of ammo has gone up because guns are in demand. Now that we have a president that is belinving guns should be banned except for government purposes tehn it will be harder to find and get ammo and te price will keep going up.
What is the price range for Delonghi coffee makers?
Delonghi Coffee makers are high market coffee machines and so the price does reflect this. The cheapest can be around the å£60 mark going all the way up to å£300.
Has the price of gold gone up or down in the last 10 years?
The price of gold has fluctuated in the last ten years, but overall it has gone up. This is because gold reserves in the ground have reduced as they are mined.
What was the average price of a cup of coffee in 1988?
"The average price for brewed coffee is $1.38."
What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell?
If the wages of coffee-bean pickers fell, coffee-bean companies would be able to hire more of them, because they could afford it. More workers can produce more coffee-beans, so supply increases. In this problem, it is implied that tea is a substitute good for coffee. If the price of tea fell, but the price of coffee stayed the same, people would switch to tea, to save a couple bucks. Demand for tea goes up, demand for coffee goes down.
