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August 30, 2015

Homework Help: Macro Economics

Posted by Greg on Sunday, September 9, 2007 at 9:22pm.

I am answering a mutiple choice question and there are two that seem correct.

One answer is "Supply will increase"
The other is the other is "There will be movement along the supply curve to a higher quantity supplied."

What is the diference between these two answers??

Or am I totally off? Here is the question.

An increase in the price of coffee will have what effect on the market for coffee?

--Demand will increase
--Supply will increase
--There will be movement along the supply curve to a higher quantity supplied
--There will be movement along the demand curve to a higher quantity demanded
--None of the above

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