If a bottled soft drink and bottled juice are substitutes, when the price of the bottled soft drink rises
A)demand for bottled juice rises.
B)demand for bottled juice falls.
C)quantity of bottled juice demanded falls.
D)quantity of bottled juice demanded rises.

Question

Quizplus · Accepted Answer

When the price of a substitute good (bottled soft drink) rises, consumers tend to switch to the other substitute (bottled juice), increasing its demand.

If a Bottled Soft Drink and Bottled Juice Are Substitutes