If orange juice and apple juice are substitutes, an increase in the price of orange juice...
If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curves for both apple juice and orange juice to the right.
would it be true or false?
Homework Answers
Ans: False
Explanation:
An increase in the price of orange juice will lead to an upward movement along the demand curve of orange juice, where as an increase in the price of orange juice leads to a rightward shift in the demand curve of apple juice.
Therefore, the statement is false.
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