Refer to the accompanying figure, which shows the market for cups of coffee. Starting from the original market equilibrium, if all buyers' reservation prices increase by $3.00, then the equilibrium price of coffee 4 ▬▬▬▬▬▬▬▬▬Original Supply Price ($/cup) 3.5 3 2.5 2 1.5 1 0.5 10 20 30 Multiple Choice New Supply New Demand Original Demand 40 50 60 70 80 90 Quantity (cups/hour)
