Question

Define 'consumers'.
Identify two reasons why the price of coffee might be falling.​

Answer 1

Consumers are people or organizations that purchase products or services. The term also refers to hiring goods and services. They are humans or other economic entities that use a good or service. Furthermore, they do not sell on that item that they bought.

Falling price of coffee.

Reason 1: excess supply because of a decrease in demand since it´s not a healthy beverage.

Reason 2: excess supply because of a an increase in the world supply since it might have been a record harvest because of better weather conditions than usual.

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