Tea and coffee used in place of one another are substitute goods, so C is correct. For substitutes, an increase in the price of one increases demand for the other, making B correct. A and E are wrong; D is incorrect as it confuses price relations.
If tea and coffee can be used in place of one another, then which of the following statements hold true ?
(A) Increase in price of tea leads to decrease in demand for coffee.
(B) Increase in price of tea leads to increase in demand for coffee.
(C) Tea and coffee are substitute goods.
(D) Decrease in price of tea leads to increase in price of coffee.
(E) Tea and Coffee are complimentary goods.
Choose the correct answer from the options given below :
Verified 13 Jul 2026.
(A) and (E) only
(B) and (E) only
(C) and (D) only
(B) and (C) only
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