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23 April, 02:11

Suppose the demand for coffee suddenly increases in the United Kingdom. Which of the following is the most likely explanation? Group of answer choices A drought wiped out half of the world's coffee crop The price of tea, a substitute, decreased The price of cream, a complement, increased The price of tea, a substitute, increased

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  1. 23 April, 02:35
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    The answer is: The price of tea, a substitute, increased

    Explanation:

    Substitute goods are products that could be used by customers to satisfy the same need. Substitute goods replace one another.

    Suppose there are two substitute products: A (tea) and B (coffee). If the price of product A increases, then the quantity demanded for product B increases (also the quantity demanded for product A would decrease).
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