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Business, 14.02.2020 18:28 kennyg02

The supply of coffee has increased twice as much as the demand for coffee. As a result, we can predict a(n):

(A) decrease in equilibrium price, but equilibrium quantity is indeterminate.
(B) decrease in equilibrium price and equilibrium quantity.
(C) increase in equilibrium price, but equilibrium quantity decreases.
(D) decrease in equilibrium price, but equilibrium quantity increases.

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