(ii) Demonstrate and discuss each of the following would have on demand or supply of coffee. Additionally, show how equilibrium price and quantity have changed. a. A better method of harvesting coffee beans is introduced. b. Medical researchers found that intake of more than two cups of coffee per day drastically decreases risk of liver cancer. c. Currently, the price of coffee is ₹15 per cup above equilibrium. d. Consumer income falls because of a recession and coffee is considered a normal good. e. . Protesting liberal milk powder import policy, farmers dump millions of litres of milk, causing milk prices to rise.

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