12. a freeze in peru causes the price of coffee to skyrocket. assuming coffee and tea are substitutes, which of the following will happen?
[a] the quantity demanded of coffee will increase, and the quantity demanded of tea will increase.
[b] the quantity demanded of coffee will increase, and the demand for tea will increase.
[c] the quantity demanded of coffee will decrease, and the demand for tea will increase.
[d] the demand for coffee will decrease, and the quantity demanded of tea will increase.
[e] the demand for coffee will increase, and the demand for tea will increase.
Answers: 2
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12. a freeze in peru causes the price of coffee to skyrocket. assuming coffee and tea are substitute...
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