Which of the following will decrease the demand for coffee?

a. the discovery that caffeine can cause heart problems
b. an increase in the price of coffee
c. an increase in the price of tea, a substitute for coffee
d. a decrease in the prices of coffee makers and coffee cups, complements to coffee


A

Economics

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If a monopoly discovers that the demand for its output has become more elastic at the original output level, then it will respond by

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Economics