A freeze in Peru causes the price of coffee to skyrocket. Which of the following will happen?
Question:
A freeze in Peru causes the price of coffee to skyrocket.
Which of the following will happen?
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a. The demand for coffee will increase, and the demand for tea will increase.
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b. The demand for coffee will increase, and the quantity of tea demanded will increase.
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c. The quantity of coffee demanded will increase, and the demand for tea will increase.
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d. The quantity of coffee demanded will increase, and the quantity of tea demanded will increase.
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e. The quantity of coffee demanded will decrease, and the demand for tea will increase.
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