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How would the equilibrium price of coffee be affected in the United States if poor growing conditions for coffee beans existed in Central
America?
O
Price would decrease due to decreased demand for coffee
Price would increase due to increased supply of coffee
O c
Price would increase due to decreased supply of coffee beans
O d
Price would remain stable because the price paid by U.S. consumers is not affected by the coffee crop in Central America.
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Answer: The united states gets lots of its coffee from southern and Central America so if the amount coffee goes down, demand for it in America goes through the roof ultimately spiking prices as well.
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