Suppose that coffee growers sell 200 million pounds of, Ask an Expert

Economics

Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2007, and sell 240 million pounds for $3 per pound in 2008. Based on this information we can conclude that the:

law of demand has been violated.

supply of coffee beans has increased.

law of supply has been violated.

demand for coffee beans has increased.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91960096

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