Using supply and demand analysis, describe the effect of each of the following events on the market for coffee: Your description should include which curve shifts, supply or demand, which way the curve shifts, left or right, if the equilibrium price increases or decreases and if the equilibrium quantity increases or decreases.
a. Brazil has a excellent harvest of coffee beans.
b. Daily drinking of tea is discovered to prevent cancer, dementia and arthritis.
c. The price of cream, milk and cream substitutes decrease.
d. Drinking coffee daily is shown to reduce weight.
e. The cost of transporting coffee beans increases.