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    Microeconomics Study Set 40
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    Exam 4: Consumer and Producer Surplus
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    Coffee and Tea Are Substitutes
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Coffee and Tea Are Substitutes

Question 99

Question 99

Essay

Coffee and tea are substitutes.If there is an increase in the price of coffee, total surplus in the tea market:
A.will increase.
B.will decrease.
C.will not change.
D.may change, but we cannot determine the change without more information.

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