Figure 4-4 -Assume that Figure 4-4 shows demand for orange juice.An increase in the price of soda will change demand from A) D₁ to D₂. B) D₂ to D₁. C) D₃ to D₂. D) D₃ to D₁.

Question

Quizplus · Accepted Answer

An increase in the price of soda, a substitute good, will likely increase the demand for orange juice, shifting the demand curve from D1 to D2.

Figure 4-4 -Assume That Figure 4-4 Shows Demand for Orange Juice.An Increase