Multiple Choice
If a bottle of soda and bottled juice are substitutes, when the price of soda rises
A) demand for bottled juice rises.
B) demand for bottled juice falls.
C) quantity of bottled juice demanded falls.
D) quantity of bottled juice demanded rises.
Correct Answer:

Verified
Correct Answer:
Verified
Q389: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q390: According to the law of demand, a
Q391: Last year there were 6 pizza shops
Q392: If two goods, J and K, are
Q393: The law of supply states that there
Q395: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q396: An increase in supply will occur when<br>A)
Q397: Which of the following illustrates the law
Q398: For a demand schedule, which of the
Q399: Another name for a surplus is<br>A) excess