Suppose there is a decrease in the global supply of coffee, resulting in an incr

Question

Suppose there is a decrease in the global supply of coffee, resulting in an increase in the global price of coffee. All other things held constant, the likely impact on the global market coffee creamer is:

Select one:

a. a decrease in demand for creamer and a decrease in the global price of creamer.

b. an increase in demand for creamer and an increase in the global price of creamer.

c. a decrease in supply of creamer and an increase in the global price of creamer.

d. an increase in supply of creamer and a decrease in the global price of creamer.

Explanation / Answer

If the above condition are given then a decrease in demand for creamer and a decrease in the global price of creamer

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