Economy, asked by lucylalnunmawii2001, 27 days ago

if the price of tea increase then the demand for coffee is expected to
1) tea and coffee are no way related
2) stay constant
3) increase
4) decrease
which one is the ans

Answers

Answered by legend123716

Answer:

The answer will be no4) decrease

Answered by vimalaarya605

The price of tea increases, reducing the demand for tea which causes tea drinkers to look for cheaper caffeine fixes, causing them to buy more coffee. In this scenario, the increase in the price of tea has increased the demand for coffee, even though the price of coffee remains unchanged.

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