Increase, assuming packaged coffee=coffee, people will demand more coffee being aware that its price will be increased, thus they will try to consume its benefits before its price goes up.
Answer: the economy is using resources efficiently
Explanation:
The Production Possibility Curve simply shows how two goods can be produced in an economy when the resources that are used to produce the goods are being used efficiently without wasting them.
According to the production possibilities curve above, if the economy is producing 75 fishing boats and 400 jars of guava jelly, then the economy is using resources efficiently.
Here, economic efficiency simply means that the resources that are utilized are optimally allocated while inefficiency and wastage are being minimized. Foe economic efficiency to take place, there'll be opportunity cost. This is shown in the graph as more fishing boats are produced, less jars of guava jelly are made and vice versa.
Answer:
Structural Unemployment
Explanation:
Structural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural Unemployment
All things humans unlimitedly want will always be scarce no matter how much it physically exists.
