Refer to the figure above. Demand for coffee last Monday is shown in bold and labeled D(Monday). On Tuesday, the news featured a story about a storm that wiped out the entire coffee crop in Brazil. On Wednesday:

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Refer to the figure above. Demand for coffee last Monday is shown in bold and labeled D(Monday). On Tuesday, the news featured a story about a storm that wiped out the entire coffee crop in Brazil. On Wednesday:

A.demand shifted to D(A) in anticipation of future price increases.

B.the demand function remained at D(Monday), but the quantity demanded increased.

C.there would be no change in either the demand function or the quantity demanded because not enough time had passed for the storm’s effects to be felt.

D.demand shifted to D(B)( in anticipation of future price increases.

正确答案:demand shifted to D(B)( in anticipation of future price increases.

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