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Shifting Demand
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Problem 1
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Problem 10
Shifting Demand
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3. Supply and Demand / Shifting Demand / Problem 6
Problem 6
If the price of tea increases, what is the likely impact on the demand for coffee, assuming they are substitute goods?
A
The supply of coffee will increase.
B
The demand for coffee will decrease.
C
The demand for coffee will increase.
D
The demand for coffee will remain unchanged.
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