christianskyy715 christianskyy715

19-12-2022
Business

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Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2007 and sell 240 million pounds for $3 per pound in 2008. Based on this information we can conclude that the:
(a) Law of demand has been violated. supply of coffee beans has increased.
(b) Law of supply has been violated. demand for coffee beans has increased.

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