Graph the following situation for the coffee market inEthiopia:
Question:
After the shifts what happened to equilibrium price andquantity in the coffee market?
The equilibrium price decreased, but we can't tell what happenedto the equilibrium quantity because we aren't given any informationabout the relative size of the shifts in supply and demand in themarket.
The equilibrium quantity increased, but we can't tell whathappened to the equilibrium price because we aren't given anyinformation about the relative size of the shifts in supply anddemand in the market.
The equilibrium quantity decreased, but we can't tell whathappened to the equilibrium price because we aren't given anyinformation about the relative size of the shifts in supply anddemand in the market.
The equilibrium price increased, but we can't tell what happenedto the equilibrium quantity because we aren't given any informationabout the relative size of the shifts in supply and demand in themarket.
Graph the following situation for the coffee market in Ethiopia: Question: After the shifts what happened to equilibrium
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