Economy, asked by RDP97, 1 year ago

how the market of tea will be influenced if the price of the coffee falls? explain using demand and supply curve​

Answers

Answered by priya200236
1

Explanation:

when price of coffee falls ,it means it become cheaper too buy coffee as compared to tea

we know that these are substitute goods if the price of coffee decrease then demand of tea will decrease . because consumer will prefer more coffee beacause of less price

so if price of coffee falls it means that demand of tea will decrease .

due to decrease in demand , its price will reduce and supply will also reduce

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