Which of the Following Would Cause the Equilibrium Price of Apple

question 15

Multiple Choice

Which of the following would cause the equilibrium price of apple juice to decrease and the equilibrium quantity of apple juice to increase?

• A)a decrease in the price of apples
• B)an increase in the price of apples
• C)an increase in the price of orange juice,a substitute for apple juice
• D)a decrease in the price of granola bars,a complement for apple juice

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Definitions:

Fair Competition

An economic condition in which businesses operate on a level playing field, with no unfair advantages, allowing for healthy competition in the market.

Gender Roles

Social and cultural expectations associated with a person's sex, influencing behaviors, interests, and personal values.

Promotion

The marketing efforts and strategies aimed at increasing awareness, interest, and sales of a product or service.

Company's Products

The goods or services that a company offers to customers, often characterized by quality, features, and branding.