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?
举一反三
- If the U.S. Surgeon General announced that increased grapefruit juice consumption could help prevent heart attacks, what would happen to the equilibrium price and quantity of grapefruit juice? A: Price and quantity both increase. B: Price and quantity both decrease. C: Price increases but quantity decreases. D: Price decreases but quantity increases.
- New oak tables are normal goods. What would happen to the equilibrium price and quantity in the market for oak tables if the price of maple tables rises, the price of oak wood rises, more buyers enter the market for oak tables, and the price of wood saws increased?
- ____________ and broke it. A: Down fell the coffee cup B: He dropped the coffee cup C: Down was the coffee cup fallen D: The coffee cup fell down
- An increase in market supply and an increase in market demand will result in A: A decrease in equilibrium price and an increase in equilibrium quantity B: A decrease in equilibrium price - the change in equilibrium quantity is indeterminate C: An increase in equilibrium quantity and the change in price is unclear D: all of above
- What would you like, tea coffee? A: or B: and C: but D: still