Multiple Choice
-Refer to the graphs above to answer this question.Suppose that the price of orange juice increases from P1 to P2 and the demand curve for apple juice shifts to the right from D1 to D2.What is the relationship between orange juice and apple juice?
A) The demand for both types of juices must be elastic.
B) Orange juice and apple juice must be substitutes.
C) The demand for both types of juices must be inelastic.
D) Orange juice and apple juice must be complements.
E) There is no relationship between the two types of juices.
Correct Answer:

Verified
Correct Answer:
Verified
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