Multiple Choice
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 not changed but that the supply of coffee has decreased.
B) has increased with no change in the supply of coffee.
C) has increased less than supply of coffee has decreased.
D) has increased but it is not as large as the increase in supply.
Correct Answer:

Verified
Correct Answer:
Verified
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