Determine the effects of the following events on the price and quantity of coffee sold. assume that coffee is a normal good.
a. the price of tea, a substitute for coffee, increases.
b. the price of doughnuts, a complement to coffee, increases.
c. congress mandates a s20/hour minimum wage for baristas.
d. consumers' incomes fall as the economy sours.
e. coffee growers discover that they can make more money raising corn than they can growing coffee.

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to

Arecession is defined as a period in which

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?