Coffee and tea are substitutes in consumption. If there is a DECREASE in the price of coffee, aming a po curve, total surplus in the teamarket Owill not change. Ob may change, but we cannot determine the change without more information Os will increase

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Q: What amount would have to be invested at a simple interest rate of 2.85% to grow to $2529.28 in 150…

A: As given Interest rate (r)= 2.85% Future worth = $2529.28 Time(t) = 150/ 365 = 0.41 year