The Fall in the Price of Coffee in the Market

question 95

Multiple Choice

The fall in the price of coffee in the market led to a fall in the demand for tea.In this context, coffee and tea are examples of:

• A)substitute products.
• B)complementary products.
• C)luxury products.
• D)convenience products.
• E)standard products.

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Definitions:

Major Product

The primary product formed in the greatest amount during a chemical reaction.

Saponification

A chemical reaction involving the hydrolysis of fats or oils by an alkali to produce glycerol and soap.

Ester Hydrolysis

A chemical reaction in which an ester is converted into its constituent alcohol and acid by the action of water or a hydroxide ion.

Major Product

The main product formed in a chemical reaction, which is generated in greater amounts compared to any other product.