What Would Happen to the Equilibrium Price and Quantity of Coffee

question 319

Multiple Choice

What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell

• A)price will fall and the effect on quantity is ambiguous
• B)price will rise and the effect on quantity is ambiguous
• C)quantity will fall and the effect on price is ambiguous
• D)quantity will rise and the effect on price is ambiguous

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Definitions:

Informal Groups

Informal groups are naturally formed social structures within an organization, based on personal relationships and shared interests, not defined by formal boundaries or roles.

Unofficial Groups

Informal groupings of individuals within an organization formed based on personal relationships rather than formal work assignments.

Emergent Groups

Groups that arise spontaneously based on shared interests or goals, often in response to specific situations or challenges.

Psychological Groups

Collections of individuals bonded by shared interests, goals, or identities, which significantly impact their members' psychological well-being and social behaviors.