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Question: relfler to the dagram dsplaying the market for gourmet coffee...

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Relfler to the dagram dsplaying the market for Gourmet Coffee to the right The lines S, and Do represent onginal supply and demand relanonships Point A is the onginal pont of equitbrium. The lines S, and Di represent cutward (rigntward) shifs. The Iines 82 and D represent 00- nward (leftward) shits Read the following shock or pair of shocks Use the pone drawing foor to identify the new point of equnbrium Label this new point Shockisy: S1 A. A decline in consumer income (a normal good) D1 More firms competing in the market Caretuty toiow me in5ธา ctions above, and oray draw me requred 00 ects As a resun, the equiliorium price wil As a result, the equibrium quantty w o20 0 407o 80 90 T Quanty (per week)
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