Demand elasticity of coffee beans

That's great. Demand elasticity refers to the reaction degree of commodity demand to price changes. When commodity prices rise, demand will decrease accordingly, and vice versa. With the development of global economy and the acceleration of urbanization, coffee consumption culture is gradually popularized, and more and more people begin to regard coffee as a part of daily life. Coffee shops, restaurants, hotels and other places also need a lot of coffee beans to supply their daily operations. So ... the demand for coffee beans is very elastic.