In January 2025
Answer to Question #157881 in Microeconomics for Hassan
Assume the demand for coffee increases and the supply of coffee decreases. Which of the following outcomes is certain to occur?
The equilibrium quantity of coffee will rise.
The equilibrium quantity of coffee will fall.
The equilibrium price of coffee will rise.
The equilibrium price of coffee will fall.
The increase in demand and decrease in supply leads to increase in price (and decrease in quantity). Thus, the correct answer -> the equilibrium price of coffee will rise.
-
![Help me with my assignment!]()
Who Can Help Me with My Assignment
There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
-
![How to finish assignment]()
How to Finish Assignments When You Can’t
Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
-
![Math Exams Study]()
How to Effectively Study for a Math Test
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
Comments
Leave a comment