As the price of soft drinks rise, there isin the demand for juice, which is afor soft drinks.O A. an increase; complementB. a decrease; complementC. a decrease; substituteD. no change; substituteE. an increase; subtitute

Given: There are two goods Soft Drinks and Juice. Price of soft drinks increases.

Answered: As the price of soft drinks rise, there…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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As the price of soft drinks rise, there is in the demand for juice, which is : for soft drinks. O A. an increase; complement O B. a decrease; complement C. a decrease; substitute D. no change; substitute E. an increase; subitute