If the tea harvest is bad in a particular year, what will happen in the market for coffee?
a. increased price and decreased quantity
b. increased price and increased quantity
c. decreased price and increased quantity
d. decreased price and decreased quantity
e. no change in equilibrium price and quantity
B
Economics
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Which of the following statements is FALSE?
A) Saving helps create economic growth. B) Improvements in quality of education are important for economic growth. C) Free international trade helps create economic growth. D) Faster population growth is the key to growth in real GDP per person. E) Economic freedom requires property rights.
Economics
Wage differentials exist because not all workers and all jobs are alike
a. True b. False Indicate whether the statement is true or false
Economics