-The figure above shows the market for coffee. The ________ price that producers must be offered to get them to produce 10 million pounds of coffee per month is ________.

Question

Quizplus · Accepted Answer

The minimum price that producers must be offered to produce a certain quantity is determined by the supply curve. If the supply curve indicates that at 10 million pounds, the price is $2.00, then $2.00 is the minimum price needed to produce that quantity.

-The Figure Above Shows the Market for Coffee