Table 3-3 -Refer to Table 3-3. the Table Above Shows the Demand

question 410

Multiple Choice

Table 3-3

-Refer to Table 3-3. The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi) and the rest of the market. If the price of Kona coffee rises from $4 to $5, the market quantity demanded would

• A) decrease by 35 lb.
• B) increase by 115 lb.
• C) increase by 35 lb.
• D) decrease by 115 lb.