Which of the Following Is True If the Price of Coffee

question 69

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 tea, a substitute good, will increase.
• D) Both the demand for coffee and tea will increase.

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Definitions:

Rewards

Benefits, compensation, or other forms of recognition provided to individuals as acknowledgment of their efforts or achievements.

Negative Habits

Repetitive behaviors that are detrimental to one's physical, emotional, or mental well-being.

Perception

The process by which individuals organize and interpret their sensory information to give meaning to their environment.

Ethical

Pertaining to or dealing with morals or the principles of morality; adhering to accepted standards of right and wrong behavior.