Question: Question 5 The price of coffee has increased by 10% and resultantly demand for tea has gone up by 25%. Answer the following questions,

Question 5 The price of coffee has increased by 10% and resultantly

Question 5 The price of coffee has increased by 10% and resultantly demand for tea has gone up by 25%. Answer the following questions, a) Type of elasticity b) How are these two goods related c) Value of elasticity of demand.

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