Suppose a new medical study that became widely known showed that increased consumption of Greek coffee lowers
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Question:
Suppose a new medical study that became widely known showed that increased consumption of Greek coffee lowers cholesterol. What chain of events is expected to occur in the Greek coffee market, all other factors being constant?
A. An increase in the supply of Greek coffee, followed by an increase in the quantity demanded.
B. An increase in the demand for Greek coffee, followed by a decrease in the quantity supplied.
C. An increase in the demand for Greek coffee, followed by an increase in the quantity supplied.
D. A decrease in the quantity demanded of Greek coffee, followed by an increase in the quantity supplied.
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