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Eddi Din [679]
3 years ago
15

Tasty Treat Tea is a popular iced tea drink. When the manufacturer begins to use imported tea leaves, the price rises and consum

er demand for the drink falls. This suggests that
Business
1 answer:
OverLord2011 [107]3 years ago
4 0
The scenario you described suggests that the Law of Demand is correct.

Increase in price will always lead to loss of demand, while replacements for that product will grow in demand.
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