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Suppose coffee is a normal good and income increases. also suppose that the price of coffee beans (a major input for coffee) decrease What would

Suppose coffee is a normal good and income increases. also suppose that the price of coffee beans (a major input for coffee) decrease What would happen in the coffee market?

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Question 10 1 pts Suppose coffee is a normal good and income increases. Also suppose that the price of coffee beans (a major input for coffee) decreases. What would happen in the coffee market? O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. O Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. O Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous

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