Multiple Choice
Which of the following is true if the price of coffee increases?
A) The demand for tea, a substitute good, will decrease.
B) The demand for coffee will increase.
C) The demand for coffee and tea will decrease.
D) Both the demand for coffee and tea will increase.
E) The demand for tea, a substitute good, will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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