Consider the market for coffee illustrated in the figure to the right. Use the supply-and-demand diagrams...

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Consider the market for coffee illustrated in the figure to the right. Use the supply-and-demand diagrams to illustrate the effect of the following possible shocks on the world coffee market. A new study shows significant health benefits from drinking coffee. 1.) Using the line drawing tool, graph a new coffee demand curve. Label this curve 'D. 2.) Using the point drawing tool, indicate the new market equilibrium price and quantity. Label this point 'e." Carefully follow the instructions above, and only draw the required objects. An important new use for coffee is discovered. 1.) Using the line drawing tool, graph a new coffee demand curve. Label this curve 'D. 2.) Using the point drawing tool, indicate the new market equilibrium price and quantity. Label this point 'e." Carefully follow the instructions above, and only draw the required objects. A recession causes a decline in per capita income. 1.) Using the line drawing tool, graph a new coffee demand curve. Label this curve 'D. 2.) Using the point drawing tool, indicate the new market equilibrium price and quantity. Label this point 'e.' Carefully follow the instructions above, and only draw the required objects. P1 Market for Coffee Q D Quantity G Consider the market for coffee illustrated in the figure to the right. Use the supply-and-demand diagrams to illustrate the effect of the following possible shocks on the world coffee market. A new study shows significant health benefits from drinking coffee. 1.) Using the line drawing tool, graph a new coffee demand curve. Label this curve 'D. 2.) Using the point drawing tool, indicate the new market equilibrium price and quantity. Label this point 'e." Carefully follow the instructions above, and only draw the required objects. An important new use for coffee is discovered. 1.) Using the line drawing tool, graph a new coffee demand curve. Label this curve 'D. 2.) Using the point drawing tool, indicate the new market equilibrium price and quantity. Label this point 'e." Carefully follow the instructions above, and only draw the required objects. A recession causes a decline in per capita income. 1.) Using the line drawing tool, graph a new coffee demand curve. Label this curve 'D. 2.) Using the point drawing tool, indicate the new market equilibrium price and quantity. Label this point 'e.' Carefully follow the instructions above, and only draw the required objects. P1 Market for Coffee Q D Quantity G