Assume that a monsoon destroys the coffee crop in Vietnam, one of the world's largest coffee producers. What will likely occur?

The price of sugar and creamer will increase.

People will consume more coffee.

Consumers will try to find alternatives to coffee due to increases in the price of coffee.

There will be no change in the market for coffee.

Question

Business

Jaeden Waters

13 December, 16:07

Assume that a monsoon destroys the coffee crop in Vietnam, one of the world's largest coffee producers. What will likely occur?

The price of sugar and creamer will increase.

People will consume more coffee.

Consumers will try to find alternatives to coffee due to increases in the price of coffee.

There will be no change in the market for coffee.

+4

Answers (1)

Know the Answer?

Jorge Barnett · Answer 1

Answer: The correct answer is "Consumers will try to find alternatives to coffee due to increases in the price of coffee."

Explanation:

When the coffee harvest in Vietnam is destroyed, the supply of coffee decreases, this causes its price to increase due to the law of supply and demand, therefore consumers will try to find alternatives to coffee.