If the tea harvest is bad in a particular year, what is the most likely impact on the market for coffee in equilibrium? a) Increase in price and increase in quantity b) Increase in price and decrease in quantity c) Decrease in price and decrease in quantity d) Decrease in price and increase in quantity
If the tea harvest is bad, more people will drink coffee. If the demand for coffee is high, the price will increase. If the demand increases, the supply will decrease.
