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The graphis below illustrate the markets for standard coffee and fair trade coffee. The price of standard coffee is $8 per pound with 80 illion pounds exchan ed, and the price of fair trade coffee is $12 per lion pounds exchanged. Congress decides to tpose a price floor of $10 per pound on all coffer low, drag the price floor lines (PF) to illustrate the impact of the price floor in both market graph To refer to the graphing tutorial for this coin stion type, please click here, Part 2 (1 point) See Hint Initially. the imposition of the price floor for both types of coffee will lead to which of the following? Choose one of more It A neither a surplus nor shortage of fair trade coffee B. a surplus of fair trade coffee C a shortage of fair trade coffee D a shortage of standard coffee DE neither a surplus nor shortage of standard coffee F. a surplus of standard coffee Part 3 (1 point) Q See Hint Nthough standard coffee and fair trade cortes sell for different prices, they are substitutes On the talk trade market aron believe illustrate the impact of the price liger imposed in the standard coffee market on the demand or supply of fair trade coffee Shift the appropriate curve to the right or to the lift