2.5 Short-Run versus Long-Run Elasticities S Price P P D (a) Q1 Qo (b) Q2 Qo (c) Qo Quantity Supply and demand for Coffee A freeze or drought in Brazil causes the supply curve to shift to the left (a)In the short run,supply is completely inelastic;only a fixed number of coffee beans can be harvested.Demand is also relatively inelastic; consumers change their habits only slowly. 2.5 Short-Run versus Long-Run Elasticities Supply and demand for Coffee A freeze or drought in Brazil causes the supply curve to shift to the left. (a) In the short run, supply is completely inelastic; only a fixed number of coffee beans can be harvested. Demand is also relatively inelastic; consumers change their habits only slowly. Price S’S P1 P0 D Quantity S S’ D P2 P1 Q2 Q0 Q1 Q0 S D Q0 P0 (a) (b) (c)