Multiple Choice
Big City Java is a local coffee bar. Using Excel, the manager of Big City Java estimates the weekly demand function for their grand mocha coffees to be Qd = 650 - (15.25 × P) . The estimated regression equation suggests that if Big City Java decreased its price of grana mocha coffees from $7 to $5, the predicted quantity demanded of coffees would _________.
A) decrease by half
B) decrease
C) not change
D) increase
Correct Answer:
Verified
Correct Answer:
Verified
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