Asked by
Maryam Bintumar
on Oct 12, 2024
Verified
An increase in the price of coffee is likely to
A) increase the demand for coffee creamer.
B) decrease the demand for coffee creamer.
C) increase the supply of coffee creamer.
D) increase the price of coffee creamer.
Coffee Creamer
A dairy or non-dairy product added to coffee in order to enhance its flavor and texture.
- Acquire an understanding of the idea of substitutes and how shifts in pricing influence demand preferences.
Verified Answer
SG
Learning Objectives
- Acquire an understanding of the idea of substitutes and how shifts in pricing influence demand preferences.