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What is the demand for coffee elastic or inelastic at -2?

Coffee is inelastic, based on the high number of people who enjoy, and believe they can't get along without coffee, it's demand will remain high. Pricing changes won't seriously influence sales.


What are examples of elastic goods?

coffee


Does a high consumption of coffee relate to the onset of gouty arthritis?

It seems that the general consensus on this is that the consumption of coffee lowers the risk of gout.


How was the consumption of coffee related to the transatlantic slave trade?

They traded coffee for slaves.


How does the consumption of coffee affect testosterone levels in the body?

Consumption of coffee can temporarily increase testosterone levels in the body, but the effect is not significant or long-lasting.


How much is moderate caffee consumption?

Moderate coffee consumption is about 2 glasses in a day.


What is the significance of the coffee curve in relation to the global coffee industry and consumption patterns?

The coffee curve represents the relationship between coffee prices and consumption. It is significant in showing how changes in prices affect consumer behavior and industry dynamics. This curve helps in understanding the supply and demand dynamics of the global coffee market and how it impacts consumption patterns worldwide.


What is an example of an inelastic good?

A good is inelastic if after a 1% increase in price the quantity demanded falls by less than 1%. Essentials such as petrol tend to be inelastic as do addictive products such as cigarettes.


Are there any major health concerns about the consumption of coffee?

There are no major health concerns with coffee at all.


Are coffee berries edible and safe for consumption?

Yes, coffee berries are edible and safe for consumption. They are the fruit that contains coffee beans, which are roasted and ground to make coffee. The berries have a sweet and slightly tangy flavor, and are sometimes used in culinary dishes and beverages.


Is coffee fruit edible and safe for consumption?

Yes, coffee fruit is edible and safe for consumption. It is often used to make tea or juice, and is considered to be nutritious and beneficial for health.