The demand for coffee and tea is
...The demand for coffee and tea is
Joint
Competitive
Composite
Derived
Correct answer is B
Competitive demand exists where a number of substitutes exist and one good can be purchased instead of another good. Tea and coffee are substitute goods, a consumer can either decide to consume tea or coffee. A fall or rise in the price of either of the two goods will lead to a fall or rise in the demand for its substitute.
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