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    Exam 5: Efficiency and Equity
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    -The Figure Above Shows the Market for Coffee
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-The Figure Above Shows the Market for Coffee

Question 331

Question 331

Multiple Choice

  -The figure above shows the market for coffee. If 10 million pounds of coffee a month are available, the ________ price that consumers are willing to pay for the last pound is ________. A)  maximum; $2.00 B)  maximum; $3.50 C)  minimum; $2.00 D)  minimum; $3.50
-The figure above shows the market for coffee. If 10 million pounds of coffee a month are available, the ________ price that consumers are willing to pay for the last pound is ________.


A) maximum; $2.00
B) maximum; $3.50
C) minimum; $2.00
D) minimum; $3.50

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