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

question 149

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 falls from $6 to $4, the market quantity demanded would

• A) decrease by 89 lb.
• B) increase by 26 lb.
• C) increase by 61 lb.
• D) increase by 110 lb.

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Definitions:

Ledger

A comprehensive collection of a company's accounts that records all transactions and is used to prepare financial statements.