Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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Question
Agree or disagree, if both coffe and tea are normal goods and the price of coffe increase, it will increase the demand for tea
Expert Solution
Step 1
Normal goods are those goods which have positive relationship with the income of consumers.
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