Use the Figure Below to Answer the Following Questions

question 177

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

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Definitions:

Department of Industry Act

Legislation that establishes and defines the powers, responsibilities, and organization of a country's Department of Industry or similar entity.

F.O.B. Contracts

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Title

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Risk

Potential loss from destruction or damage to goods, injury, or other eventuality.