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Assume That Coffee and Tea Are Substitutes for Each Other

Question 238

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, then most probably:


A) ​the price of tea will decrease.
B) ​the price of coffee will decrease.
C) ​the price of tea will increase
D) ​none of the above

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