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Matcha green tea is primarily cultivated by Japanese farmers. Suppose that Matcha green tea grows in popularity as its health benefits, namely its lower caffeine content, become known, and at the same time the government reduces taxes imposed on Japanese tea farmers. What is the likely effect on the equilibrium price and quantity in the Japanese Matcha tea market?
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matcha green tea is primarily cultivated by japanese farmers. suppose that matcha green tea grows in popularity as its health benefits
namely its lower caffeine content
become known
and at the same time the government reduces taxes imposed on japanese tea farmers. what is the likely effect on the equilibrium price and quantity in the japanese matcha
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