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The Market for Coffee Is Characterized by and

Question 48

Multiple Choice

The market for coffee is characterized by The market for coffee is characterized by and , where Q<sub>C</sub> is the quantity of coffee in hundreds of pounds, P<sub>C</sub> is the price per hundred pounds of coffee, and P<sub>T</sub> is the price per hundred pounds of tea. The market for tea is characterized by And , where Q<sub>T</sub> is the quantity of tea in hundreds of pounds. In general equilibrium, the equilibrium quantity of tea is ____ pounds. A) 12,200 B) 12,600 C) 13,000 D) 13,400 and The market for coffee is characterized by and , where Q<sub>C</sub> is the quantity of coffee in hundreds of pounds, P<sub>C</sub> is the price per hundred pounds of coffee, and P<sub>T</sub> is the price per hundred pounds of tea. The market for tea is characterized by And , where Q<sub>T</sub> is the quantity of tea in hundreds of pounds. In general equilibrium, the equilibrium quantity of tea is ____ pounds. A) 12,200 B) 12,600 C) 13,000 D) 13,400
, where QC is the quantity of coffee in hundreds of pounds, PC is the price per hundred pounds of coffee, and PT is the price per hundred pounds of tea. The market for tea is characterized by The market for coffee is characterized by and , where Q<sub>C</sub> is the quantity of coffee in hundreds of pounds, P<sub>C</sub> is the price per hundred pounds of coffee, and P<sub>T</sub> is the price per hundred pounds of tea. The market for tea is characterized by And , where Q<sub>T</sub> is the quantity of tea in hundreds of pounds. In general equilibrium, the equilibrium quantity of tea is ____ pounds. A) 12,200 B) 12,600 C) 13,000 D) 13,400
And The market for coffee is characterized by and , where Q<sub>C</sub> is the quantity of coffee in hundreds of pounds, P<sub>C</sub> is the price per hundred pounds of coffee, and P<sub>T</sub> is the price per hundred pounds of tea. The market for tea is characterized by And , where Q<sub>T</sub> is the quantity of tea in hundreds of pounds. In general equilibrium, the equilibrium quantity of tea is ____ pounds. A) 12,200 B) 12,600 C) 13,000 D) 13,400
, where QT is the quantity of tea in hundreds of pounds.
In general equilibrium, the equilibrium quantity of tea is ____ pounds.


A) 12,200
B) 12,600
C) 13,000
D) 13,400

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