Table 3.1 -Refer to Table 3.1.The Table Above Shows the Demand Schedules

question 37

Multiple Choice

Table 3.1
-Refer to Table 3.1.The table above shows the demand schedules for loose-leaf tea of two individuals (Sunil and Mia ) and the rest of the market.If the price of loose-leaf tea rises from $3 to $4, the market quantity demanded would

• A)decrease by 32 kgs.
• B)increase by 64 kgs.
• C)increase by 32 kgs.
• D)decrease by 64 kgs.

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Innovating Business Strategies

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