Question: Question 1) Consider the market for Brazilian Coffee. Suppose that there has been a change in tastes such that Brazilian Coffee has become less

Question 1) Consider the market for Brazilian Coffee. Suppose that there has

Question 1) Consider the market for Brazilian Coffee. Suppose that there has been a change in tastes such that Brazilian Coffee has become less popular with consumers. Suppose at the same time there has been a frost that has damaged the Brazilian coffee bean crop. mthout knowing the precise magnitudes of these two effects, what would you as a manager conclude about the effect on the equilibrium price and quantity in the market for Brazilian Coffee? (5 marks)

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2. Ask questions, listen rather than attempt to persuade.

9. How much of the information collected will be used in decision-making?

1. Background knowledge of the subject and