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Assume That Coffee and Tea Are Substitutes for Each Other

Question 28

Multiple Choice

Assume that coffee and tea are substitutes for each other. If weather conditions cause a substantial portion of the available coffee crop to be destroyed, what will be the result?


A) The price of tea will decrease.
B) The supply of tea will increase.
C) The demand for tea will increase.
D) The price of coffee will decrease.

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