Question

Fan & Medal.
If a new machine was developed that picked coffee beans twice as fast as is currently possible, what would you expect to happen to the price of coffee?
A) The price would increase to pay for the new machinery.
B) The price would decrease because there would be more coffee available.
C) The price would increase due to greater demand for coffee picked this way.
D) The price would decrease because fewer would want coffee picked by machine.

Answer 1

I'm stuck on this question, I have no idea if it would be A or B. I'm thinking B, but I want to get another opinion.

Answer 2

This is like supply and demand
more supple
less demand
so more coffee. less demand so prices become low

Answer 3

That's what I was thinking, but I could also see the price raising to pay for the new equipment.

Answer 4

if there is too much of a product, you wouldn't raise the price of it

Answer 5

Okay, thank you! :)

Answer 6

yw :)