In the event of excess supply in the coffee market
A) the price of coffee will increase.
B) the price of coffee will decrease.
C) the supply of coffee will decrease (supply will shift to the left) to meet the demand.
D) the demand for coffee will increase (demand will shift to the right) to meet the supply.
B
Economics
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The approach to understanding the determination of real GDP and the price level that emphasizes flexible wages and prices and competitive markets is
A) the Keynesian model. B) the classical model. C) Adam Smith's Law. D) the aggregate demand model.
Economics
Which of the following is a basic human need?
a. Transportation b. Healthcare c. Money for gas d. College level education e. Savings
Economics