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प्रश्न
How will an increase in price of tea affect the demand for coffee?
लघु उत्तरीय
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उत्तर
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If the price of tea increases: People may shift to coffee, as tea becomes more expensive. So, the demand for coffee increases.
- If the price of tea decreases: Tea becomes cheaper, so more people prefer tea over coffee. Hence, the demand for coffee decreases.
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