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Using the demand and supply model for a related good to coffee (substitute or complement) to explain and illustrate the impact it will have as

  1. Using the demand and supply model for a related good to coffee (substitute or complement) to explain and illustrate the impact it will have as a result of the market for coffee increasing in price?

Hint: Make sure you discuss the equilibrating process, and clearly outline the assumptions indiscussing the factors causing the change in price and quantity.

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