Which of the following events leads to a rise in the price of oranges?
A)a rise in the price of apples if apples and oranges are substitutes
B)a scientific discovery that oranges cause hair loss
C)a decrease in income if oranges are a normal good
D)good growing weather in Florida
E)a technological improvement in the production of oranges

Question

Quizplus · Accepted Answer

If apples and oranges are substitutes, a rise in the price of apples would lead consumers to buy more oranges, increasing the demand and thus the price of oranges.

Which of the Following Events Leads to a Rise in the Price