If there is a decrease in the price of the coffee beans used to make brewed coffee, how will this affect the equilibrium price and quantity of brewed coffee?

equilibrium price would fall and equilibrium quantity would rise

Explanation:

A decrease in the input needed in the production of brewed coffee would make it cheaper to produced coffee. This would lead to an increase in the supply of coffee.

As a result there would be a rightward shift of the demand curve and equilibrium price would fall and equilibrium quantity would rise

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