{"id":56277,"date":"2024-04-16T00:41:54","date_gmt":"2024-04-16T00:41:54","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56277"},"modified":"2024-04-16T00:41:54","modified_gmt":"2024-04-16T00:41:54","slug":"an-improvement-in-technology-lowers-the-cost-of-producing-coffee-at-the-same-time-the-consumers-preference-for-coffee-increases-the-equilibrium-price-of-coffee-will","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/an-improvement-in-technology-lowers-the-cost-of-producing-coffee-at-the-same-time-the-consumers-preference-for-coffee-increases-the-equilibrium-price-of-coffee-will\/","title":{"rendered":"An improvement in technology lowers the cost of producing coffee. At the same time, the consumer’s preference for coffee increases. The equilibrium price of coffee will"},"content":{"rendered":"

\r\n \r\n \r\n

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\r\n Rise, fall or stay, depending on the relative size of the shifts in the demand and supply curves <\/div>\r\n
\r\n Remain the same <\/div>\r\n
\r\n Fall <\/div>\r\n
\r\n Rise <\/div>\r\n \r\n \r\n
Answer is Right!<\/div>\r\n
Answer is Wrong!<\/div>\r\n <\/div>\r\n\r\n