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Author Question: If the market price of coffee is $3.00 per pound but the government will not allow coffee growers to ... (Read 343 times)

darbym82

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on: Apr 19, 2019

If the market price of coffee is $3.00 per pound but the government will not allow coffee growers to charge more than $2.00 per pound of coffee, which of the following will happen?


◦ Demand must eventually decrease so that the market will come into equilibrium at a price of $2.50.
◦ There will be a shortage of coffee.
◦ Supply must eventually increase so that the market will come into equilibrium at a price of $2.50.
◦ The market will be in equilibrium at a price of $2.00.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by darbym82 on Apr 19, 2019

vboyd24

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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darbym82

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Reply #2 on: Apr 19, 2019
Excellent


vboyd24

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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