Supply Demand Quantity (number of cups of coffee) Above is the supply and demand graph in the market for coffee. The makers of tea, a substitute for coffee, lower their prices, and due to better...

Extracted text: Supply Demand Quantity (number of cups of coffee) Above is the supply and demand graph in the market for coffee. The makers of tea, a substitute for coffee, lower their prices, and due to better weather, the price of coffee beans also decreases. Using the graph to answer the two questions to show the effects of these new events. Equilibrium price decreases Equilibrium quantity decreases Price ($ per cup of coffee)