Use the following diagram to answer the following questions.
-Refer to Coffee. Suppose the demand for coffee increases from D₁ to D₂. The immediate effect would be to increase the demand price for Q₁ from:
A) P₁ to P₂.
B) P₁ to P3.
C) P₂ to P3.
D) P3 to P₁.
Correct Answer:
Verified
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