Big City Java Is a Local Coffee Bar

question 97

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 Q^d = 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

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