Refer to the figure above. In this market, if all buyers’ reservation prices for a cup of coffee increased by $1.00;A.the equilibrium price would not change.

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Refer to the figure above. In this market, if all buyers’ reservation prices for a cup of coffee increased by $1.00;A.the equilibrium price would not change.

B.the equilibrium price would increase by more than $1.00.

C.the equilibrium price would increase by less than $1.00.

D.the equilibrium price would increase by $1.00.

正确答案:the equilibrium price would increase by less than $1.00.

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