A freeze in Peru causes the price of coffee to skyrocket. Which of the following will happen?

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A freeze in Peru causes the price of coffee to skyrocket.

Which of the following will happen?

a. The demand for coffee will increase, and the demand for tea will increase.

b. The demand for coffee will increase, and the quantity of tea demanded will increase.

c. The quantity of coffee demanded will increase, and the demand for tea will increase.

d. The quantity of coffee demanded will increase, and the quantity of tea demanded will increase.

e. The quantity of coffee demanded will decrease, and the demand for tea will increase.

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Related Book For  book-img-for-question

Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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