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WAEC Economics 2019 Objective — Question 10

Question 10 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.

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The demand for coffee and tea is

  • A. joint
  • B. competitiveCorrect
  • C. composite
  • D. derived

Explanation

Coffee and tea are competitive (substitute) goods: if the price of one rises, the quantity purchased of that good falls while the quantity purchased of the other rises.

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