Assume that both the demand curve and the supply curve for coffee shift to the right but the demand curve shifts more than the supply curve. As a result the equilibrium price of coffee will decrease; the equilibrium quantity may increase or decrease. O the equilibrium price of coffee may increase or decrease; the equilibrium quantity will increase. O both the equilibrium price and quantity of coffee will increase. O the equilibrium price of coffee will increase; the equilibrium quantity may increase or decrease.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
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Assume that both the demand curve and the supply curve for coffee shift to the right but the demand curve shifts more than the supply curve. As a result O the equilibrium price of coffee will decrease; the equilibrium quantity may increase or decrease. O the equilibrium price of coffee may increase or decrease; the equilibrium quantity will increase. O both the equilibrium price and quantity of coffee will increase. O the equilibrium price of coffee will increase; the equilibrium quantity may increase or decrease.

 
 
 
Assume that both the demand curve and the supply curve for coffee shift to the right but the
demand curve shifts more than the supply curve. As a result
the equilibrium price of coffee will decrease; the equilibrium quantity may increase or decrease.
the equilibrium price of coffee may increase or decrease; the equilibrium quantity will increase.
O both the equilibrium price and quantity of coffee will increase.
O the equilibrium price of coffee will increase; the equilibrium quantity may increase or decrease.
Transcribed Image Text:Assume that both the demand curve and the supply curve for coffee shift to the right but the demand curve shifts more than the supply curve. As a result the equilibrium price of coffee will decrease; the equilibrium quantity may increase or decrease. the equilibrium price of coffee may increase or decrease; the equilibrium quantity will increase. O both the equilibrium price and quantity of coffee will increase. O the equilibrium price of coffee will increase; the equilibrium quantity may increase or decrease.
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