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Use the Figure Below to Answer the Following Questions

Question 59

Multiple Choice

Use the figure below to answer the following questions.
Table 3.5.2 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
-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:

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