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Can you explain the answers for these? Thank you. 5. Green Mountain is a typical coffee bean producer and is earning a normal prot. Draw

Can you explain the answers for these? Thank you.

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5. Green Mountain is a typical coffee bean producer and is earning a normal prot. Draw correciigir labeled side-byside graphs for the coffee bean market and for Green Mountain. Label the equilibrium price and quantity P1 and Om and the equilibrium quantity for the firm GH- 3". Assume that the popularity of coffee rises. On the graph from question #6, show the effect of the increase in demand on the market price and quantity in the short run. Label the equilibrium price and quantity Pzand 0w. respectively. B. On the graph from question #6, show the effect of the increase in the demand for coffee on Green Mountain's quantity of coffee in the short run. Label the equilibrium quantity for the rm 09:- 9. After the increase in demand, is Green Mountain eaming a positive. negative, or normal economic prot? Explain. to. As a result of this strange in the market, will rms enter or exit in the market in the long run? Explain your answer. 11. Assume that coffee beans are produced in a constant-cost industry. Would the new long-hm equilibrium price increase. decrease, or stay the same as the original price before the increase in demand? Explain

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