Answer:
A). It will decrease - 'the quantity of coffee demanded.'
B). It will increase - 'the quantity of coffee supplied by producers'
Explanation:
'Binding price floor' is demonstrated as the price greater than the equilibrium price set by the government to ensure that the prices of such products do not fall below a specific limit.
As per this definition, <u>the quantity of coffee demanded by the consumers will decrease while the quantity supplied(by producers) will increase if the binding price remains constant for several years</u>. This situation of decrease in the quantity demanded(due to hike in prices which is artificially made by the government) while an increase in quantity supplied(due to people reducing purchases as a consequence of hike in prices) which helps ensure a surplus in that good i.e. 'coffee' here.
A person who hunts wildlife illegally is a poacher.
Answer:
The Mayflower Compact was important because it was the first document to establish self-government in the New World. It remained active until 1691 when Plymouth Colony became part of Massachusetts Bay Colony.
The people of Sumer are among the earliest denizens of Mesopotamia. By about 4000 BCE, the Sumerians had organized themselves into several city-states that were spread throughout the southern part of the region. These city-states were independent of one another and were fully self-reliant centers, each surrounding a temple that was dedicated to god or goddess specific to that city-state. Each city-state was governed by a Priest King.
Answer:
The triangle trade is so called because it took place between three different regions on all sides of the Atlantic Ocean. Ships that traveled these trade routes carried African slaves, manufactured goods, and cash crops between West Africa, North America, and Europe. African slaves were moved by ships during the triangle trade.
