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3. The supply and demand equilibrium for Billy and his two cups of coffee a day no matter the price shifts the demand equilibrium to

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3. The supply and demand equilibrium for Billy and his two cups of coffee a day no matter the price shifts the demand equilibrium to the right if the price of coffee increased. The demand for the two cups of coffee stays constant as the price increases {AgarwaL 2017). See figure 1 below. Figure 1. Demand and Price Increase 111 11! Note: D = Demand. 5 = Supply

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