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Case Seatwork Analysis: 1. If a rise (or fall} in the price of one commodity leads to an increase {or decline) in the demand for

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Case Seatwork Analysis: 1. If a rise (or fall} in the price of one commodity leads to an increase {or decline) in the demand for another commodity, the two commodities are said to be substitutes. In other words, substitutes are those commodities which satisfy similar wants, such as tea and coffee. Expound your thought if two (2) commodities are said to be substitutes that satisfies the needs and wants intended for the consumer such as tea or coffee Explain with justification, you may cite an example through a narrative construction in analyzing the situation. 2. If the price of coffee falls, the demand for coffee rises which brings a fall in the demand for tea because the consumers of tea shift their demand to coffee which has become cheaper. 0n the other hand, if the price of coffee rises, its demand will fall. But the demand for tea will rise because the consumers of coffee will shift their demand to tea Why? is it true or not if the price of coffee falls and the demand for coffee rises that brought the fall of tea? 3. Now, think critically if the price of coffee rises, its demand will fall. But the demand for tea will rise because the consumers of coffee will shift their demand to tea Explain your reason if this is true or not then make a necessary analysis that will justify your

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