Multiple Choice
Use the figure below to answer the following questions.
Table 3.5.2
Demand and Supply Schedules for Cups of Coffee each day at CoolU
-Refer to Table 3.5.2.Professor Hyper publishes a new study,showing that coffee raises the test performance of students.Students double their demand for coffee and the quantity of coffee demanded at each price doubles.The new equilibrium price is $________,and the new equilibrium quantity is ________ cups a day.
A) 1.20;1,000
B) 1.30;1,200
C) 1.50;1,600
D) 1.40;1,400
E) 2.20;800
Correct Answer:

Verified
Correct Answer:
Verified
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