Demand Increase and Market Equilibrium
If a change in consumer preferences causes the demand for coffee to increase, what is the resulting effect on the equilibrium price and equilibrium quantity of coffee?
A
Both the equilibrium price and quantity would decrease.
B
The equilibrium price and quantity would both increase.
C
The equilibrium price would decrease, but the quantity would increase.
D
The equilibrium price would increase, but the quantity would decrease.
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | tim14032009 | 1 | 1 | 0m 00s | 100 |
| #2 | eftahsam | 1 | 1 | 0m 20s | 80 |
| #3 | 52218 | 1 | 1 | 0m 36s | 64 |
| #4 | tle7450 | 1 | 1 | 0m 58s | 42 |
| #5 | leminhhieu3412 | 1 | 2 | 1m 20s | 10 |
| #6 | 2157010113duy | 1 | 3 | 2m 24s | -64 |
| #7 | thesaeed011 | 1 | 2 | 3m 44s | -134 |
| #8 | picky9295 | 1 | 2 | 9m 13s | -463 |
Items per page:
10
1 – 8 of 8