c. tennis balls and tennis rackets.
d. coffee and sugar.
6. What would happen to the equilibrium price and quantity of coffee if the wages of coffee bean pickers fell and the price
of tea fell?
a. Quantity would rise, and the effect on price would be ambiguous.
b. Quantity would fall, and the effect on price would be ambiguous.
c. Price would fall, and the effect on quantity would be ambiguous.
d. Price would rise, and the effect on quantity would be ambiguous.
Figure 4-3
Demand
PRICE
R
“不
QUANTITY
