Draw a smooth, downward-sloping market demand curve for tea. Then show the effect of each of the

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Draw a smooth, downward-sloping market demand curve for tea. Then show the effect of each of the indicated changes. Be sure to label the axes. Label the original demand curve Demand1. If the demand curve shifts, label the new demand curve Demand2.

The price of coffee, a substitute for tea, decreases.

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Survey Of Economics

ISBN: 9781429259569

1st Edition

Authors: David A. Anderson

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