Other things being equal, the effects of a decrease in the price of orange juice, is represented by which of the following?

Question

Quizplus · Accepted Answer

This is because a decrease in price leads to a decrease in the cost of getting orange juice, making it more affordable for consumers. As a result, there is an increase in the quantity demanded for orange juice. However, it does not affect the entire demand curve, as represented by options A and C. It also does not lead to a decrease in quantity demanded, as stated in option D.

Other Things Being Equal, the Effects of a Decrease in the Price