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Specification:

  •  Demand, Supply, Price Elasticity of Supply, Economic Development

Click to read the article below and then answer the questions:

Coffee hits 10-year high as shipping bottlenecks squeeze supply

  • Identify five factors which have caused coffee prices to rally to a 10-year high

  • Compare the price of Arabica coffee during the period shown

  • Explain the impact of the supply-side constraints on the price elasticity of supply of coffee

  • Using your own knowledge, and with reference to the article, analyse the volatility of coffee farmers’ income

Gavin Clarke, Emmanuel College

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