Solved: What is the effect of this raw material price increase on, Microeconomics

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What is the effect of this raw material price increase on

1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee, would the price of a cup of coffee rise by $.01? Explain

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Microeconomics: What is the effect of this raw material price increase on

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