If the Price of Coffee Decreases, the Demand Curve for Tea

question 408

Multiple Choice

If the price of coffee decreases, the demand curve for tea (a substitute good) will

• A) remain unchanged.
• B) shift to the right.
• C) shift to the left.
• D) do none of the above

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Definitions:

High Standards

Expectations or criteria that are significantly above the typical or average level, often challenging to meet or achieve.

Negative Beliefs

Thoughts or convictions that are pessimistic or unhelpful, often contributing to negative outcomes or mental health issues.

Rational-emotive Therapy

Rational-emotive therapy is a form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the development of more rational thought patterns to promote emotional well-being.

Cognitive Therapist

A mental health professional specializing in cognitive therapy, focusing on identifying and changing negative thoughts and behaviors.