Question: 1. What do you think caused the large increase in the price of coffee in 1997? Explain your answer. 2. Use supply and demand diagrams

1. What do you think caused the large increase in the price of coffee in 1997? Explain your answer.

2. Use supply and demand diagrams to explain each of the situations below:

(a) The fall in coffee prices in the late 1990s and early 2000s;

(b) The increase in coffee prices from 2004 to 2008

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