Predict changes in the equilibrium price and quantity if there is a bad heat wave in Texas and if the price of coffee must be raised 10% to…

Predict changes in the equilibrium price and quantity if there is a bad heat wave in Texas and if the price of coffee must be raised 10% to compensate for rising coffee bean prices.Give a recommendation to Mr. Wilson of which city to place the coffee push cart. Also, explain why you choose this city and how it will impact the economy.

I am assuming that we want effect on price and quantity of coffee.The rise in prices implies that now suppliers want 10% for each level of quantity—this shifts the supply curve up to the left….

 
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