Answered

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If there is a decrease in the price of the coffee beans used to make brewed coffee, how will this affect the equilibrium price and quantity of brewed coffee?

Sagot :

Answer:

equilibrium price would fall and equilibrium quantity would rise

Explanation:

A decrease in the input needed in the production of brewed coffee would make it cheaper to produced coffee. This would lead to an increase in the supply of coffee.

As a result there would be a rightward shift of the demand curve and equilibrium price would fall and equilibrium quantity would rise

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