The quantity of tea bought decreased by 20 percent when the, Ask an Expert

Economics

The quantity of tea bought decreased by 20 percent when the price of coffee declined by 10 percent. Assuming other factors are held constant, coffee and tea are classified as:

a. complements

b. substitutes

c. social goods

d. normal goods .

e. inferior goods

f. none of the above

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91826719

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