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 167 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
:D TYSM

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Effect of Zero Gravity on Cosmonaut's Body. Effect of Zero Gravity on Cosmonaut's Body.
Bones of the lower extremity. Bones of the lower extremity.
The Greenhouse Effect The Greenhouse Effect
Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Turkey and Apple Panini Turkey and Apple Panini
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library