Which of the Following Is True If the Price of Coffee

question 112

Multiple Choice

Which of the following is true if the price of coffee increases?

• A) The demand for tea, a substitute good, will decrease.
• B) The demand for coffee will increase.
• C) The demand for coffee and tea will decrease.
• D) Both the demand for coffee and tea will increase.
• E) The demand for tea, a substitute good, will increase.

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Definitions:

Ritualistic Behaviors

Repetitive actions often performed with a symbolic meaning or to fulfill a psychological or cultural need.

Superstitious

A belief or behavior that is based on a false conception of cause and effect, particularly in attributing outcomes to non-related actions.

Skinner

B.F. Skinner, a renowned psychologist, known for his work in developing the theory of behaviorism and operant conditioning.

Salient

Something that is prominent, significant, or conspicuous in a particular context, attracting attention.