Well, (the way I see it) when Southern Brewers was the only coffee supplier in the market. They could have prices as high as they'd liked, where else would people get good coffee. And so, Albert Coffee than comes along charging less than the leading supplier. And than Café Brites comes and marks their prices lower than the both of them.
Southern Brewers had to lower prices in order to keep up business. People are more apt to buy low cost idems. So if they wanted to continue being a top supplier, they needed to lower prices.
The answers ten amendments
Equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied. In a market graph, the equilibrium quantity is found at the intersection of the demand curve and the supply curve. Equilibrium quantity is one of two equilibrium variables. The other is equilibrium price.
aincient rome set up a<u> republic </u>where citizens elected representatives to the senate to rule
He did not improvise or change, led to Burnside losing the Battle of Fredericksburg.
