Table 3-1

-Refer to Table 3-1.The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi)and the rest of the market.If the price of Kona coffee rises from $4 to $5,the market quantity demanded would
A)decrease by 35 lb.
B)increase by 115 lb.
C)increase by 35 lb.
D)decrease by 115 lb.

Question

Table 3-1
 
-Refer to Table 3-1.The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi)and the rest of the market.If the price of Kona coffee rises from $4 to $5,the market quantity demanded would
A)decrease by 35 lb. 
B)increase by 115 lb. 
C)increase by 35 lb. 
D)decrease by 115 lb.

Quizplus · Accepted Answer

The Answer is A

Table 3-1 -Refer to Table 3-1.The Table Above Shows the Demand Schedules