Multiple Choice
Use the figure below to answer the following questions.
Table 3.5.2
-Refer to Table 3.5.2.A premature frost destroys half the coffee trees and the supply of coffee is cut in half.The new equilibrium price is $_______ and the new equilibrium quantity is _______ cups a day.
A) 1.20; 700
B) 0.90; 400
C) 1.30; 600
D) 1.30; 500
E) 1.50; 400
Correct Answer:

Verified
Correct Answer:
Verified
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