A television station reports that the price of orange juice has declined but the quantity sold has increased.This situation would be caused by a(n):

Question

Quizplus · Accepted Answer

When the price of orange juice declines but the quantity sold increases, it indicates an increase in supply. This means that there is more orange juice available than before, which has led to a decrease in its price. As a result, consumers are buying more orange juice. If the price had decreased due to an increase in demand, the quantity sold would have remained the same, as there would still be a limited supply available.

A Television Station Reports That the Price of Orange Juice