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:

Neurotransmitters

Chemical substances released at the end of a nerve fiber by the arrival of a nerve impulse and, by diffusing across the synapse or junction, cause the transfer of the impulse to another nerve fiber, a muscle fiber, or some other structure.

Acetylcholine

One of the major neurotransmitters of the autonomic nervous system.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting mood, focus, and alertness.

Neuroendocrine System

Those endocrine glands that are controlled by and interact with the nervous system.