An increase in price of cottee will lead to rise in equilibrium price

1.	An increase in price of cottee will lead to rise in equilibrium price of tea.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> : Increase in <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of <a href="https://interviewquestions.tuteehub.com/tag/coffee-421753" style="font-weight:bold;" target="_blank" title="Click to know more about COFFEE">COFFEE</a> (<a href="https://interviewquestions.tuteehub.com/tag/substitute-1231629" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSTITUTE">SUBSTITUTE</a> <a href="https://interviewquestions.tuteehub.com/tag/good-1009017" style="font-weight:bold;" target="_blank" title="Click to know more about GOOD">GOOD</a>) will lead to increase in demand of tea (given commodity), which will lead to rise in its equilibrium price.</body></html>

An increase in price of cottee will lead to rise in equilibrium price of tea.