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Substitute Goods — When Tea Price Rises, What Happens to Coffee? #Shorts
Sample exam quiz on substitute goods. When the price of tea rises, what happens to the coffee market? We walk through both markets, shift the demand curve correctly, and identify the new equilibrium. Part of the Microeconomics Sample Exam playlist. #microeconomics #substitutegoods #demandshift #equilibrium #sampleexam #Shorts #Microeconomics ...
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