Multiple Choice
What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers rose and the price of tea rose
A) price will fall and the effect on quantity is ambiguous
B) price will rise and the effect on quantity is ambiguous
C) quantity will fall and the effect on price is ambiguous
D) quantity will rise and the effect on price is ambiguous
Correct Answer:
Verified
Correct Answer:
Verified
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