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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Use the Figure Below to Answer the Following Questions