In the event of excess supply in the coffee market __________. options: the price of coffee will increase the price of coffee wi

Question

3 years ago

6

In the event of excess supply in the coffee market __________. options: the price of coffee will increase the price of coffee wi

ll decrease the supply of coffee will decrease (supply will shift to the left. to meet the demand the demand for coffee will increase (demand will shift to the right. to meet the supply

Business

1 answer:

Vinil7 [7] · Answer 1 · 2021-12-20T01:01:45+03:00

Vinil7 [7]3 years ago

6 0

Answer:

the price of coffee will decrease

Explanation:

the price of coffee will decrease because the demand of coffee is clearly greater than the supply, hence in order to reach the point of equilibrium again (a point where demand equals supply), the price is to decrease