c) Illustrate and explain how the equilibrium price and quantity of Coffee Beans will change with the help of a demand and supply diagram should the following scenarios occur. Present your answers on...

Extracted text: c) Illustrate and explain how the equilibrium price and quantity of Coffee Beans will change with the help of a demand and supply diagram should the following scenarios occur. Present your answers on two separate diagrams. i) Consumers expect the price of coffee beans to increase in future. ii) Cocoa beans, a substitute good in production of coffee beans, have experienced a sharp increase in price