What will happen to the quantity demanded of Starbucks coffee if the price of their coffee drops from $1 to $.50 per ounce? Why?

Question

asked Sep 26, 2021 562 views

1 Answer

Fangzhzh · Answer 1 · 2021-10-03T01:19:12+0000

Answer:

The coffee demand will increase

Step-by-step explanation:

getting coffee at a lower price will raise the demand since it is cheaper, so more people will want it since it'll cost them less