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Based on the above graph, if P1 and Q1 represent the initial equilibrium price and quantity, what would be the new equilibrium price and quantity of coffee if a poor growing season for coffee results in a substantially higher price for coffee beans?

A

P2 and Q3

B

P1 and Q1

C

P2 and Q2

D

P3 and Q3

E

P4 and Q4

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