Assuming coffee and tea are substitutes, a rise in the price of coffee will have which of the following effects on the market for tea?
a. A movement up along the tea demand curve.
b. A movement down along the tea demand curve.
c. A leftward shift in the tea demand curve.
d. A rightward shift in the tea demand curve.
Question 2
Sugar and honey are viewed as substitutes for each other in many cooking applications. If the price of sugar rises, we would expect the:
a. demand for honey to increase.
b. demand for honey to decrease.
c. quantity demanded of honey to decrease.
d. price of honey to decrease.
e. quantity demanded of honey to increase.
Chemosynthesis-based community on the East Pacific Rise.
Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
Global Coffee Production
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Handcrafted wooden coffee table