What Would Happen to the Equilibrium Price and Quantity of Coffee

question 110

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.

---

Definitions:

New Technology

Recent developments and innovations in technology, including advancements in electronics, computing, and bioengineering.

Erikson's Theory

A psychoanalytic theory of human development that outlines eight stages from infancy to late adulthood, each characterized by a specific psychological conflict.

Final Crisis

A significant, potentially destabilizing event or period seen as the concluding phase of a situation or era.

Despair

a state of mind characterized by feelings of loss, hopelessness, or pessimism.