2.2.4 Considering curves D and S, if the government intervenes and sets a price of R26, this Is called ........... .............. and will result in a ......................... of 40 cups of coffee.2.2.5 Consider demand(D) and supply(S1). if the government sets a price of R18 for a cup of coffee, then the .............. .................... will be 140 cups of coffee Figure 1 below shows the demand and supply of coffee at a local café.Study the graph and then answer Q.2.2.1 to Q.2.2.5 by completing eachsentence to make it correct.Figure 1Price per unit (Rand)S26S122181080 90 100120140Quantity (units) per week

Answered: 2.2.4 Considering curves D and S, if…

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter20: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 2CQ

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2.2.4 Considering curves D and S, if the government intervenes and sets a price of R26, this Is called ........... .............. and will result in a ......................... of 40 cups of coffee.

2.2.5 Consider demand(D) and supply(S1). if the government sets a price of R18 for a cup of coffee, then the .............. .................... will be 140 cups of coffee

Figure 1 below shows the demand and supply of coffee at a local café.
Study the graph and then answer Q.2.2.1 to Q.2.2.5 by completing each
sentence to make it correct.
Figure 1
Price per unit (Rand)
S
26
S1
22
18
10
80 90 100
120
140
Quantity (units) per week

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