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The following table shows the supply and demand in the market for canned coconut milk. There is a sudden increase in the vegan population, doubling
The following table shows the supply and demand in the market for canned coconut milk. There is a sudden increase in the vegan population, doubling the demand for coconut milk at every price. What will we see in this market? Price ($) Demand Supply 1 150 80 2 90 100 3 50 120 4 10 140 Group of answer choices A new equilibrium price of at least $4 per can of coconut milk A new equilibrium quantity between 100 and 120 cans of coconut milk A new equilibrium price of at least $3 per can of coconut milk A new equilibrium quantity between 180 and 300 cans of coconut milk
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