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Suppose the Market for Coffee Is in Equilibrium at a Price

Question 96

Multiple Choice

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


A) all producers who want to sell coffee earn a profit.
B) all potential producers not producing coffee require less than $5 to produce coffee.
C) all consumers who want to buy coffee are satisfied.
D) all potential consumers not buying coffee value a pound of coffee at less than $5.

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