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If the market equilibrium price of coffee is $4.00 per pound but the government implements a policy such that coffee producers cannot charge more than

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If the market equilibrium price of coffee is $4.00 per pound but the government implements a policy such that coffee producers cannot charge more than $3.00 per pound, what will happen in the market for coffee? 0 Demand must eventually decrease so that the market will come into equilibrium at a price of $3.50. 0 The market will be in equilibrium at a price of $3.00. 0 There will be a shortage of coffee. 0 Supply must eventually increase so that the market will come into equilibrium at a price of $3.50

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