On January 30, 2012, Starbucks India announced plans to open 50 cafés. What would you expect to happen to the market for coffee in India, assuming all other factors are held constant? a. The supply for coffee will decrease in India. b. The demand for coffee will decrease in India. c. Both the supply and demand for coffee will increase in India. d. The supply for coffee will increase in India. e. The demand for coffee will increase in India.

Question

Social Studies

Kadyn

24 December, 17:20

On January 30, 2012, Starbucks India announced plans to open 50 cafés. What would you expect to happen to the market for coffee in India, assuming all other factors are held constant? a. The supply for coffee will decrease in India. b. The demand for coffee will decrease in India. c. Both the supply and demand for coffee will increase in India. d. The supply for coffee will increase in India. e. The demand for coffee will increase in India.

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Answers (1)

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Justus · Answer 1

option D

Explanation:

the correct answer is option D

the supply of coffee will increase in India as Starbucks India plans to open 50 outlets.

As the outlet of Starbucks increase the demand of the coffee also increase which increase the supply of coffee in India.

Starbucks is an American company which is one of the biggest coffee chain in the world.