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Suppose the market for coffee is currently in equilibrium at a price of RM 3.00. An earlyfrost in coffee-growing nations decreases the supply of coffee.Use

Suppose the market for coffee is currently in equilibrium at a price of RM 3.00. An earlyfrost in coffee-growing nations decreases the supply of coffee.Use supply and demandanalysis to forecast the impact of the freeze on the market equilibrium price and quantity ofcoffee.

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