Microeconomics

The cappuccino at my favorite local coffee spot used to cost $4. During the pandemic, I started tipping $1. Then as inflation went up, the price went to $4.50. I lowered my tip to $0.50. Yesterday, CA instated a $20 minimum wage law for fast food. I noticed the price of my cappuccino went up to $5.25. I'm going to start cutting back. I can substitute my own great cup of coffee for $0.25 or so with the best beans you can buy on the West Coast. I might start looking into buying one of those nice cappuccino makers...