All coffee producers have decided to coat their coffee beans with in cocoa extract. Coating the beans increases the cost of coffee bean production, but consumers prefer the taste of coffee made with the coated beans. What will happen to the equilibrium price and quantity of these coffee beans as a result? Question content area bottom Part 1 A. The equilibrium price falls and the equilibrium quantity increases. B. The equilibrium price rises and the equilibrium quantity increases. C. The equilibrium quantity increases but the effect on the equilibrium price is uncertain. D. The equilibrium price rises but the effect on the equilibrium quantity is uncertain. E. The equilibrium price rises and the equilibrium quantity remains unchanged