What Would Happen to the Equilibrium Price and Quantity of Coffee

question 42

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 would fall, and the effect on quantity would be ambiguous.
• B)Price would rise, and the effect on quantity would be ambiguous.
• C)Quantity would fall, and the effect on price would be ambiguous.
• D)Quantity would rise, and the effect on price would be ambiguous.

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Definitions:

Aorta

The main artery in the body, originating from the left ventricle of the heart and extending down to the abdomen, supplying oxygenated blood.

Deep Femoral Artery

An artery that branches off the femoral artery, supplying blood to the deep structures of the thigh.

Inferior Mesenteric Artery

A major artery that supplies blood to the lower regions of the colon and the rectum.

Abdominal Aorta

The abdominal aorta is the largest artery in the abdominal cavity that supplies oxygenated blood to many of the abdominal and pelvic organs and the legs.