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Use the Figure Below to Answer the Following Questions

Question 94

Multiple Choice

Use the figure below to answer the following questions.
Table 3.5.2 Use the figure below to answer the following questions. Table 3.5.2   -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.In addition, a premature frost destroys half the coffee trees and the supply of coffee is cut in half.The new equilibrium price is $_______ and the new equilibrium quantity is _______ cups a day. A) 1.10; 1,600 B) 1.50; 800 C) 1.10; 400 D) 1.10; 800 E) 1.50; 400.
-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.In addition, a premature frost destroys half the coffee trees and the supply of coffee is cut in half.The new equilibrium price is $_______ and the new equilibrium quantity is _______ cups a day.


A) 1.10; 1,600
B) 1.50; 800
C) 1.10; 400
D) 1.10; 800
E) 1.50; 400.

Correct Answer:

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