Use the following information. The graph below represents the market for coffee. Suppose S1 and D1 are the relevant supply and demand curves and thatthe market is in equilibrium at C.S00/s1450-400->350-$2300-250200-150-100-50D2D125 30 75 100 125 150 175 200 QuanRefer to the graph above. A shift in equilibrium from C to A could be the result of1. Availability of improved technology to pick coffee beansII. Destroyed coffee beans due to insect infestationIII. An increase in the price of coffeeIV. A decrease in the number of coffee consumersV. The publication of a report that publicizes the benefits of drinking coffeeO land IV onlyOIl and IV onlyO I and V onlyOIl and III only

there is a positive relationship between the price and supply. A rise in price of good leads to rise…

represents the market for coffee. Suppose S1 and D1 are the relevant supply au the market is in equilibrium at C. Price 300 51 450 400 350 $2 300 250 200 150- 100 30 D2 D1 25 30 5 100 121 150 175 200 Que Refer to the graph above. A shift in equilibrium from C to A could be the result of L. Availability of improved technology to pick coffee beans II. Destroyed coffee beans due to insect infestation III. An increase in the price of coffee

represents the market for coffee. Suppose S1 and D1 are the relevant supply au the market is in equilibrium at C. Price 300 51 450 400 350 $2 300 250 200 150- 100 30 D2 D1 25 30 5 100 121 150 175 200 Que Refer to the graph above. A shift in equilibrium from C to A could be the result of L. Availability of improved technology to pick coffee beans II. Destroyed coffee beans due to insect infestation III. An increase in the price of coffee

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 20AA

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