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Table 4.3.1. -Look at Table 4.3.1. Drought Destroys Many Coffee Plants, Causing

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  Table 4.3.1.  -Look at Table 4.3.1. Drought destroys many coffee plants, causing half of the espresso businesses to go out of business. As a result, quantity supplied decreases by half at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ espresso shots. A)  1.30; 600 B)  1.50; 400 C)  0.90; 400 D)  1.20; 700 E)  1.30; 500
Table 4.3.1.
-Look at Table 4.3.1. Drought destroys many coffee plants, causing half of the espresso businesses to go out of business. As a result, quantity supplied decreases by half at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ espresso shots.


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