This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is the most likely effect of lower apple juice prices on the price and ... (Read 173 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
Which of the following is the most likely effect of lower apple juice prices on the price and quantity purchased of orange juice, a substitute product?
 a. The price of orange juice will increase, and the quantity purchased will fall.
  b. The price of orange juice will fall, and the quantity purchased will increase.
  c. The price of orange juice will increase, and the quantity purchased will increase.
  d. The price of orange juice will fall, and the quantity purchased will fall.

Question 2

If there is a decrease in demand for lettuce, we would expect:
 a. both the price and quantity sold to increase.
  b. both the price and quantity sold to decrease.
  c. the price to decrease and the quantity sold to increase.
  d. the price to increase and the quantity sold to decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Capo

  • Member
  • Posts: 545
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Gasoline prices Gasoline prices
Habituation to the Aversive Effect of the Odor of Pups Habituation to the Aversive Effect of the Odor of Pups
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Bones of the upper and lower extremities. Bones of the upper and lower extremities.
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
The Effect of Using PPP on Comparisons of GDP The Effect of Using PPP on Comparisons of GDP
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library