Suppose the Market for Coffee Is in Equilibrium at a Price

Multiple Choice

Suppose the market for coffee is in equilibrium at a price of $5 per pound. This means that:

A) any producer who sells coffee can earn a positive economic profit.
B) potential producers not producing coffee have reservation prices less than $5 per pound.
C) everyone can afford to buy coffee.
D) potential consumers not buying coffee value it at less than $5 per pound.