-Refer to the Graphs Above to Answer This Question

question 107

Multiple Choice

-Refer to the graphs above to answer this question.Suppose that the price of orange juice increases from P₁ to P₂ and the demand curve for apple juice shifts to the right from D₁ to D₂.What can be said about the cross-elasticity of demand for the two juices and their relationship?

• A)The cross elasticity of demand coefficient between the two juices is negative and the juices are substitutes.
• B)The cross elasticity of demand coefficient between the two juices is negative and the juices are complements.
• C)The cross elasticity of demand coefficient between the two juices is positive and the juices are complements.
• D)The cross elasticity of demand coefficient between the two juices is positive and the juices are substitutes.

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Definitions:

Pubescent

Describes a stage of adolescence where an individual starts developing secondary sexual characteristics.

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