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Question 72 The market for coffee is initially in equilibrium. Pepsi is a substitute for coffee; cream is a complement of coffee Time left 2:10:44 Not yet market for coffee. Assume that all ceteris paribus assumptions continue to hold except for the following event. answered The economy recovers from recession suggesting increase in overall income levels. Marked out of 2.000 The equilibrium price of coffee will and the equilibrium quantity of coffee will Flag question Question 73 The market for coffee is initially in equilibrium. Pepsi is a substitute for coffee; cream is a complement of coffee. Consider the Not yet market for coffee. Assume that all ceteris paribus assumptions continue to hold except for the following event. answered and the Marked out of If AMAZON opens up enormous coffee farms in Indonesia, the equilibrium price of coffee will 2.000 equilibrium quantity of coffee will P Flag question Question 74 The market for coffee is initially in equilibrium. Pepsi is a substitute for coffee; cream is a complement of coffee. Consider the Not yet market for coffee. Assume that all ceteris paribus assumptions continue to hold except for the following event. answered Marked out of If preferences for coffee increase, the equilibrium price of coffee will and the equilibrium 2.000 quantity of coffee will P Flag