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thanhha78 thanhha78
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6 years ago
Suppose that in October the price of a cup of cafe latte was $2.50 and 400 lattes were consumed. In November the price of a latte was $2.00 and 300 lattes were consumed. What might have caused this change?
A) The price of coffee beans (an input of production of cafe lattes) rose.
B) The price of coffee beans (an input of production of cafe lattes) fell.
C) The price of tea (a substitute for cafe lattes) rose.
D) The price of tea (a substitute for cafe lattes) fell.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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6 years ago
Correct Slight Smile TY
smdavis
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Yesterday
You make an excellent tutor!
Lourd Jenkins
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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