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Use the Following Diagram to Answer the Following Questions

Question 79

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions. -Refer to Coffee. Suppose the demand for coffee increases from D₁ to D₂. If price did not change, we would expect: A) excess supply of Q₂ - Q₁ to develop. B) excess supply of Q<sub>3</sub> - Q₁ to develop. C) excess demand of Q₂ - Q₁ to develop. D) excess demand of Q<sub>3</sub> - Q₁ to develop.
-Refer to Coffee. Suppose the demand for coffee increases from D₁ to D₂. If price did not change, we would expect:


A) excess supply of Q₂ - Q₁ to develop.
B) excess supply of Q3 - Q₁ to develop.
C) excess demand of Q₂ - Q₁ to develop.
D) excess demand of Q3 - Q₁ to develop.

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