Orange juice and cranberry juice are substitute goods.An increase in the price of orange juice results in a(n)

Question

Quizplus · Accepted Answer

As orange juice and cranberry juice are substitute goods, an increase in the price of orange juice will cause consumers to switch to cranberry juice, resulting in an increase in the demand for cranberry juice. Therefore, the correct answer is D, an increase in the demand for cranberry juice.

Orange Juice and Cranberry Juice Are Substitute Goods