6. Predict the direction of change for either supply
or demand in the following situations:
Several new companies enter the cell phone
industry-
Consumers suddenly decide SUVs are
unfashionable-
The U.S. surgeon general issues a report
sfating that tomatoes prevent colds.
Frost threatens to damage the coffee crop,
and consumers expect the price to rise
sharply in the future.
The price of tea falls. What is the effect on the
coffee market?
The price of sugar rises. What is the effect on
the coffee market?
Tobacco Iobbyists convince Congress to
(9
remove the tax paid by sellers on each carton
of cigarettes sold.
Anew type ofrobot is invented that will pick
和
b.
Peaches.
Nintendo anticipates that the future price
of its games will fall much lower than the
current price.