Coffee and tea are substitutes in consumption. If there is an increase in the price of coffee, assuming a positively sloped supply curve and a negatively sloped demand curve, total surplus in the tea market: a. may change, but we cannot determine the change without more information. b. will decrease. c. will increase. d. will not change.
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Coffee and tea are substitutes in consumption. If there is an increase in the price of coffee, assum...
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