Use the following diagram to answer the following questions.

-Refer to Coffee. Suppose the demand for coffee increases from D₁ to D₂. If price did not change, we would expect:

Question

Use the following diagram to answer the following questions.
 
-Refer to Coffee. Suppose the demand for coffee increases from D₁ to D₂. If price did not change, we would expect:

Quizplus · Accepted Answer

When demand increases from D₁ to D₂ without a change in price, the quantity demanded at the original price increases from Q₁ to Q₃, leading to an excess demand of Q₃ - Q₁.

Use the Following Diagram to Answer the Following Questions