Author Question: The figure above shows the market for coffee. If more coffee plantations are planted in Brazil and ... (Read 83 times)

newyorker26

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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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Answer to Question 1

A

Answer to Question 2

A



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