If coffee and tea are substitutes, then an increase in the price of coffee will result in an increase in the demand for tea.

Name: If coffee and tea are substitutes, then an increase in the price of coffee will result in an increase in the demand for tea.
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Question

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When two goods are substitutes, an increase in the price of one (coffee) will lead to an increase in demand for the other (tea), as consumers switch to the more affordable option.

If Coffee and Tea Are Substitutes, Then an Increase in the Price