| 6. What would happen to the equilibrium price and quantity of lattés if coffee shops began using amachine that reduced the amount of labor necessary to produce steamed milk, which is used to makelattés, and scientists discovered that lattés cause heart attacks?a. Both the equilibrium price and quantity would increase.b. Both the equilibrium price and quantity would decrease.c. The equilibrium price would decrease, and the effect on equilibrium quantity would beambiguous.d. The equilibrium quantity would decrease, and the effect on equilibrium price would beambiguous.
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What would happen to the equilibrium price and quantity of lattes if coffee shops began using a machine?
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