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478719 No.478719 [Reply] [Original]

Can someone tell me the answer for this economics question?
Irregular weather conditions cause a larger than usual harvest of coffee beans. Does this create a surplus? why or why not?
> I said it didn't create a surplus because it changes supply itself, not quantity supplied and the market still clears.

>> No.478729

>>478719
Surplus implies quantity supplied > q demanded. Need info on q demanded, but assuming there was no surplus last year and q supplied = q demanded last year, there will be a surplus. If those assumptions don't hold then it depends

>> No.479008
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479008

>>478719
lol i remeber first year microeconomics to

>> No.479022

academic economics is useless.

>> No.479034
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479034

>>479008
yet not the first year of your english class, evidently =)

>> No.479379

>>478719

You are correct that the market will clear. But what's usually meant is that there is a surplus relative to the previous demand level.

>> No.479381

What is the name of this fucking guy

>> No.479950

>>479381
Harold

>> No.480005

yeah, we are happy to do tour homework for you retard.

>> No.480104

>>478719

Qs increase -> free market therefore P decrease
-> Qs = Qd. So no surplus.


But since this is babbbys first Economics lesson its prob just simple surplus