When the Demand for Coffee Increases,ceteris Paribus,the Equilibrium Price Will

question 2

Multiple Choice

When the demand for coffee increases,ceteris paribus,the equilibrium price will also increase because

• A)A shortage exists at the old equilibrium price.
• B)There must be a surplus of the good.
• C)The market supply and demand curves do not intersect.
• D)Market demand must be upward-sloping.

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Definitions:

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