You observe that in the market for coffee that both the equilibrium price of coffee and the equilibrium quantity have increased. You predict that the demand for coffee
A) has increased with no change in the supply of coffee.
B) has increased but it is not as large as the increase in supply.
C) has not changed but that the supply of coffee has decreased.
D) has increased less than supply of coffee has decreased.
A
Economics
You might also like to view...
Historically, stocks have offered higher rates of return than bonds
a. True b. False Indicate whether the statement is true or false
Economics
Owners face unlimited liability in
A) national corporations and global corporations. B) partnerships and corporations. C) proprietorships and corporations. D) proprietorships and partnerships.
Economics