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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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In the given case, Alicia and Jordan were fascinated by the special aura of the restaurant.

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Explanation:

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3 years ago
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<h3>When you increase price,you increase revenue on units sold.When you increase price,you sell fewer units.</h3>

Hope this helps

<h2>--SirGerick--</h2>

8 0
3 years ago
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Anna11 [10]

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5 0
4 years ago
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