The final result of these changes will be a new equilibrium where the a) New Equilibrium price will be [Select] than the old equilibrium price. b) New Equilibrium quantity will be [ Select] than the...

A recent study suggested that excessive coffee consumption increases risk of stroke. This scare caused consumers to cut their coffee consumption by HALF.

Extracted text: The final result of these changes will be a new equilibrium where the a) New Equilibrium price will be [Select] than the old equilibrium price. b) New Equilibrium quantity will be [ Select] than the old equilibrium [ Select ] no change, it will remain the same quantity. lower higher


Extracted text: The final result of these changes will be a new equilibrium where the a) New Equilibrium price will be [ Select ] than the old equilibrium price. [ Select] Lower b) New Equilibrium quantity will no change, it will remain the same than the old equilibrium quantity. Higher