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Question
Table 3-1| Loose Leaf Tea Price per lb. (dollars) | Sunil's Quantity Demanded (lbs) | Mia's Quantity Demanded (lbs) | Rest of Market Quantity Demanded (lbs) | Market Quantity Demanded (lbs) |
| $8 | 4 | 0 | 30 | |
| 6 | 7 | 2 | 40 | |
| 5 | 9 | 3 | 51 | |
| 4 | 12 | 5 | 64 | |
| 3 | 15 | 8 | 90 |
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 lbs.
B) increase by 64 lbs.
C) increase by 32 lbs.
D) decrease by 64 lbs.
Answer
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