What is the most likely effect on the sale of coffee if there is a significant drop in the price of tea?
a) Sales of coffee will rise, because people will switch to drinking coffee instead of tea.
b) Sales of coffee will stay the same, because the two beverages cater to different tastes.
c) Sales of coffee will fall, because consumers will choose to buy more tea instead.
d) It is impossible to tell whether sales of coffee will change.
1 answer