Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN: 9781337091985
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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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.
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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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