If the price of tea rises relative to all other prices, consumers are likely to

Name: If the price of tea rises relative to all other prices, consumers are likely to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the price of tea rises relative to all other prices, consumers are likely to buy less tea because it has become relatively more expensive. They may switch to buying more coffee, which has become relatively cheaper. Therefore, the best choice is B- buy less tea and more coffee.

If the Price of Tea Rises Relative to All Other