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Tea and cofee are substitutes. if the tea harvest is exceptionally good in a particular year, the supply of tea will be:____.

Respuesta :

The supply of the tea will increase

According to the information:

  • When the production is higher in tea the quantity supplied at a given price will decrease.
  • When the prize of tea will decrees in comparison to the coffee the demand of the tea will increases.

What id demand and supply graph?

A supply and demand curve is a graph that shows the relationship between the amount of a product that is offered to a market and the level of demand for the product there. The graph's two lines show how the two factors' prices and demands are related to one another.

Why is supply and demand important?

Because they jointly determine the prices and availability of the majority of goods and services in a particular market, supply and demand have a significant relationship. A market economy operates under the tenet that supply and demand eventually reach a point of equilibrium.

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