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Author Question: The figure above shows the market for coffee. If more coffee plantations are planted in Brazil and ... (Read 41 times)

newyorker26

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on: Jun 29, 2018
The figure above shows the market for coffee. If more coffee plantations are planted in Brazil and Vietnam so that the supply of coffee increases, the efficient quantity of coffee will ________ and the consumer surplus will ________.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; decrease
  D) decrease; increase

Question 2

Which of the following is the BEST example of a private good?
 
  A) a can of Mountain Dew
  B) fish in the ocean
  C) cable television
  D) national defense


tennis14576

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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newyorker26

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Reply #2 on: Jun 29, 2018
Thank you :)


tennis14576

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Reply #3 on: Jun 29, 2018
Happy to help you


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