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Assume there are at least 20 coffee shops in Murray KY. If, hypothetically, the price of coffee were 5, Starbucks would sell a total of

Assume there are at least 20 coffee shops in Murray KY. If, hypothetically, the price of coffee were 5, Starbucks would sell a total of 50 coffees to the whole market in Murray KY. If the price were 4, its total sales would increase to 60 coffees. This is an example of:

A market demand curve in a perfectly competitive market.

A market demand curve in a not perfectly competitive market.

A demand curve faced by one firm in a perfectly competitive market.

A demand curve faced by one firm in a not perfectly competitive market.

An individual demand curve.

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