Economy, asked by dhillonyuvraj020, 4 months ago

change in demand for coffee due to change in price of tea is called?

Answers

Answered by gumedha0709

Answer:

Explanation : If the price of tea falls, demand for coffee will decrease as tea and coffee are substitute goods. Hence, when the price of tea falls, consumers will spend more on tea and thus the demand for coffee will fall.

Previous Question

Next Question

Similar questions

Computer Science, 2 months ago

what is a OBU unit and how does it work...

Science, 2 months ago

who sings one rupee note in india...

Math, 2 months ago

10x and verify the result for x = 1 Find the product of 27...

History, 4 months ago

3. Name one of the great Vow.

Science, 4 months ago

who discovered corona virus?

Psychology, 10 months ago

what is a tripplet in keyboard...

Math, 10 months ago

5x - 5 = 10 Solve ........

Math, 10 months ago

4.) The following table shows classification of number of workers and the number of hours they work in a software company. Find the median of the number of hours they work.

change in demand for coffee due to change in price of tea is called?​

Answers

change in demand for coffee due to change in price of tea is called?