12. A freeze in Peru causes the price of coffee to skyrocket. Assuming coffee and tea are substitutes, which of the following will happen?
[A] The quantity demanded of coffee will increase, and the quantity demanded of tea will increase.
[B] The quantity demanded of coffee will increase, and the demand for tea will increase.
[C] The quantity demanded of coffee will decrease, and the demand for tea will increase.
[D] The demand for coffee will decrease, and the quantity demanded of tea will increase.
[E] The demand for coffee will increase, and the demand for tea will increase.
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Home » Business » 12. A freeze in Peru causes the price of coffee to skyrocket. Assuming coffee and tea are substitutes, which of the following will happen? [A] The quantity demanded of coffee will increase, and the quantity demanded of tea will increase.