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The price of herbal tea increased in the market. How does this affect the equilibrium price and quantity of matcha, assuming herbal tea and matcha
The price of herbal tea increased in the market. How does this affect the equilibrium price and quantity of matcha, assuming herbal tea and matcha tea are substitutes? Group of answer choices decrease in equilibrium price and decrease in equilibrium quantity increase in equilibrium price and increase in equilibrium quantity increase in equilibrium price and decrease in equilibrium quantity decrease in equilibrium price and increase in equilibrium quantity
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