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Price of coffee rises,while price of …

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Price of coffee rises,while price of tea remains constant. How would the consumer react to this situation to restored his equilibrium? Use the law of equi- marginal utility.

    • Posted by Manmeet Kaur 7 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Ruchi Kumari 7 years, 5 months ago

    When price of coffee risee the consumer consumes more of tea in place of coffee. For coming back to equilibrium, the consumer consumes more of coffee till they reach in equilibrium

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