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DerKrebs [107]
3 years ago
6

Coffee and tea are substitutes for consumers. An increase in the price of coffee coupled with an increase in the number of tea g

rowers ________ the equilibrium price of a pound of tea and ________ the equilibrium quantity of tea.
Business
1 answer:
hammer [34]3 years ago
6 0

Answer:

Explanation:

As the coffee prices are relative higher than what it actually ends up paying, person will pay above their face value to obtain. Same will apply  the same idea for that concept.

As tea is also icnreases we will pushed there.

In the long term we should review how this is done as usually end up here and allone

Therefore the compete sentences will be:

An increase in the price of coffee coupled with an increase in the number of tea growers the lower adverzare will occur within a year Also, we could check for it at 12.600

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mote1985 [20]

Answer:

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Explanation:

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So price can be increased without a corresponding decrease in price. The goal of higher revenue can be achieved by increasing the product price.

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1 year ago
If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was a
galina1969 [7]

The given statement " If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent " is TRUE

Explanation:

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The average inflation rate in the USA has been 3% over the last 100 years. That said, in measuring shorter periods starting in the 1950s, the average rates are much higher.

Many financial experts working with pending pensioners emphasize the importance of contributing to pension scheming an average inflation rate. Since inflation will reduce the value of savings considerably, it is important to determine how and when this powerful economic phenomenon will affect the savings.

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Explanation:

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