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sitor.ai/learn/microeconomics
Learning Roadmap
Supply & Demand Basics
Price Elasticity
Consumer Choice Theory
Interesting observation. If the price of coffee rises by 20%, why do you think sales of sugar might drop even if sugar's price remains the same?
I think sugar sales would drop. They're used together — less coffee means less sugar needed.
Great point. Now flip it — if coffee got cheaper, what would happen to sugar sales?
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