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-The Figure Above Shows the Market for Coffee

Question 130

Multiple Choice

-The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, the efficient quantity of coffee will ________ and the producer surplus will ________. A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
-The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, the efficient quantity of coffee will ________ and the producer surplus will ________.


A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase

Correct Answer:

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