MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Stationary/ Food Supplies

If the price ...

Question

If the price of Orange juice increases, the demand for apple juice will ___________.

A

Increase

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Decreases

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Remain the same

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Become negative

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Increase
Orange juice and Apple juice are substitute goods and if price of one increase then demand for another also increase.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Apple juice and orange juice are substitutes in consumption and apple juice and apple sauce are substitutes in production. If the price of orange juice ________ or the price of apple sauce ________, then the price of apple juice will __________.

Q. A shop-keeper mixes 600 ml of orange juice with 900 ml of apple juice to make a fruit drink. Write the ratio of orange juice to apple juice in the fruit drink in its simplest form.

Q. In a survey of

400

students in a school,

100

were listed as taking apple juice,

150

as taking orange juice and

75

were listed as taking both apple as well as orange juice. Find how many students were taking neither apple juice nor orange juice?

Q. The smoothie recipe calls for 12 oz of orange juice for 4 oz of apple juice. Then oz of orange juice is added for every ounce of apple juice.

Q. Because of a recent drought in Florida during the orange-growing season, the price of oranges this season will be three times the usual price. This will drive up the cost of producing orange juice and thus push up the price of orange juice for the consumer.

Which of the following, if true, most seriously weakens the argument above?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Honorarium

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Stationary/ Food Supplies

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon