Question

Coffee and tea are substitutes for consumers. An increase in the price of coffee coupled with an increase in the number of tea growers ________ the equilibrium price of a pound of tea and ________ the equilibrium quantity of tea.

Answer 1

Step-by-step explanation:

As the coffee prices are relative higher than what it actually ends up paying, person will pay above their face value to obtain. Same will apply the same idea for that concept.

As tea is also icnreases we will pushed there.

In the long term we should review how this is done as usually end up here and allone

Therefore the compete sentences will be:

An increase in the price of coffee coupled with an increase in the number of tea growers the lower adverzare will occur within a year Also, we could check for it at 12.600