Assume that the price of coffee is below equilibrium. What pressures would cause this market to tend

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Assume that the price of coffee is below equilibrium. What pressures would cause this market to tend toward equilibrium?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 08, 2023 03:07 AM

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Assume that for some reason the coffee price in the previous question is above the equilibrium price. What pressures would cause this market to tend toward equilibrium?
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Assume that the price of coffee is below equilibrium. What pressures would cause this market to tend

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When the price of coffee is below the equilibrium price market forces will exert pressure on the market to move toward equilibrium Several factors com...View the full answer

Economics An Introduction To Traditional And Progressive Views

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