If coffee and tea are substitutes, then an increase in the price of coffee a. Shifts the demand curve for tea to the right. b. Decreases the amount of coffee purchased. c. Increases the price of tea. d. All of the above.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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If coffee and tea are substitutes, then an increase in the price of coffee
a. Shifts the demand curve for tea to the right.
b. Decreases the amount of coffee purchased.
c. Increases the price of tea.
d. All of the above.
Transcribed Image Text:If coffee and tea are substitutes, then an increase in the price of coffee a. Shifts the demand curve for tea to the right. b. Decreases the amount of coffee purchased. c. Increases the price of tea. d. All of the above.
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