other things being equal, if the price of coffee increases significantly, the: demand for coffee substitutes…

other things being equal, if the price of coffee increases significantly, the: demand for coffee substitutes will decrease. demand for coffee will decrease. demand for coffee substitutes will increase. quantity demanded of coffee will increase. question 6 if the percentage change in quantity demanded of a good is less than the percentage change in income, then the good is said to be income elastic. income inelastic. income unit elastic. price elastic. price inelastic.

other things being equal, if the price of coffee increases significantly, the: demand for coffee substitutes will decrease. demand for coffee will decrease. demand for coffee substitutes will increase. quantity demanded of coffee will increase. question 6 if the percentage change in quantity demanded of a good is less than the percentage change in income, then the good is said to be income elastic. income inelastic. income unit elastic. price elastic. price inelastic.

Answer

Brief Explanations:

For the first question, when the price of coffee increases significantly (other things equal), consumers will shift to substitutes, increasing the demand for coffee - substitutes. For the second question, if the percentage change in quantity demanded of a good is less than the percentage change in income, the good is income - inelastic.

Answer:

First question: Demand for coffee substitutes will increase. Second question: income inelastic.