A television station reports that the price of coffee has increased but the quantity traded in the market has decreased. This situation would be caused by a(n):

Name: A television station reports that the price of coffee has increased but the quantity traded in the market has decreased. This situation would be caused by a(n):
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in supply would lead to an increase in price and a decrease in the quantity traded, as there is less coffee available in the market.

A Television Station Reports That the Price of Coffee Has