(Solved): Consider the market for coffee. a.) Draw a supply and demand curve for the market for coffee. Labe ...

Consider the market for coffee. a.) Draw a supply and demand curve for the market for coffee. Label the equilibrium price and quantity. b.) What will happen to the original equilibrium price of coffee if the price of tea increases? Explain. Show the effect of this change in a new graph of the market. c.) What will happen to the original equilibrium price of coffee if new conservation laws in Brazil force some coffee plantations to close? Explain. Show the effect of this change in a new graph of the market.