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QUESTION 5 Big City Java is a local coffee bar. Using Excel, the manager of Big City Java estimates the weekly demand function for their

QUESTION 5
Big City Java is a local coffee bar. Using Excel, the manager of Big City Java estimates the weekly demand function for their grand mocha coffees to be Q dd=650-15.25P. The estimated regression equation suggests that if Big City Java decreased its price of grana mocha coffees from $9.50 to $7.50, the predicted or estimated quantity demanded of coffees would
decrease by 30.5
increase by 25.5.
increase by 30.5
decrease by 25.5.
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