Suppose a Country,whose Production and Consumption of Coffee Is Large

question 20

Multiple Choice

Suppose a country,whose production and consumption of coffee is large relative to the world market,has just entered the global market.If the country is a net exporter of coffee,we would expect:

• A) an increase in both world price and quantity of coffee.
• B) an increase in world price and decrease in world quantity of coffee.
• C) a decrease in both world price and quantity of coffee.
• D) a decrease in world price, and increase in world quantity of coffee.

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