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04-10-2019
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Suppose the demand for coffee suddenly increases in the United Kingdom. Which of the following is the most likely explanation? Group of answer choices A drought wiped out half of the world’s coffee crop The price of tea, a substitute, decreased The price of cream, a complement, increased The price of tea, a substitute, increased

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jepessoa jepessoa

08-10-2019

Answer:

The answer is: The price of tea, a substitute, increased

Explanation:

Substitute goods are products that could be used by customers to satisfy the same need. Substitute goods replace one another.

Suppose there are two substitute products: A (tea) and B (coffee). If the price of product A increases, then the quantity demanded for product B increases (also the quantity demanded for product A would decrease).

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