Multiple Choice
Which of the following would cause the equilibrium price of apple juice to decrease and the equilibrium quantity of apple juice to increase?
A) a decrease in the price of apples
B) an increase in the price of apples
C) an increase in the price of orange juice,a substitute for apple juice
D) a decrease in the price of granola bars,a complement for apple juice
Correct Answer:
Verified
Correct Answer:
Verified
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