Use the Following to Answer Questions -(Table: Demand for Lenny's Coffee)Use Table: Demand for Lenny's Coffee

question 156

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Demand for Lenny's Coffee }\\\begin{array} { c c } \hline \begin{array} { l } \text { Price } \\\text { of Coffee } \\\text { (per cup) }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Coffee } \\\text { Sold (daily cups) }\end{array} \\\hline \$ 10 & 0 \\9 & 1 \\8 & 2 \\7 & 3 \\6 & 4 \\5 & 5 \\4 & 6 \\3 & 7 \\2 & 8 \\1 & 9 \\0 & 10 \\\hline\end{array}\end{array}$$
-(Table: Demand for Lenny's Coffee) Use Table: Demand for Lenny's Coffee.Lenny's Café is the only source of coffee for hundreds of kilometres in any direction.Lenny is selling 2two cups of coffee.If he lowers the price and sells three3 cups of coffee,the _____ effect will dominate the _____ effect,and total revenue will _____.

• A) quantity;price;decrease
• B) price;quantity;increase
• C) price;quantity;decrease
• D) quantity;price;increase

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Definitions:

Serial Entrepreneurs

Serial entrepreneurs are individuals who continuously start new businesses, moving from one venture to the next.

Additional Businesses

Entities or operations that are added to a company's existing business portfolio, expanding its scope or diversifying its interests.

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Individuals who establish ventures with the goal of solving social problems or effecting social change through innovative solutions.