Use calculated elasticity to comment on substitutability

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Reference no: EM13147250

After a major failure of Brazil’s coffee crop sent coffee prices up from $3.00 per kg to $4.80 per kg, sales of tea in Canada increased from 7,500 kg per month to 8,000 kg per month. Use the calculated elasticity to comment on substitutability or complementarity of coffee and tea

Reference no: EM13147250

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