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Supply and Demand Together: One-sided Shifts
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Problem 10
Supply and Demand Together: One-sided Shifts
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3. Supply and Demand / Supply and Demand Together: One-sided Shifts / Problem 7
Problem 7
A natural disaster destroys a significant portion of the coffee crop. How does this event affect the coffee market?
A
Demand shifts to the right, increasing equilibrium price and quantity.
B
Demand shifts to the left, decreasing equilibrium price and quantity.
C
Supply shifts to the right, decreasing equilibrium price and increasing quantity.
D
Supply shifts to the left, increasing equilibrium price and decreasing quantity.
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