Question

Fresh orange juice and frozen orange juice are substitutes in production. The price of fresh orange juice rises. As a​ result

Answer 1

Answer:

As a result, It raises the equilibrium price of frozen orange juice and reduces the equilibrium quantity.

Explanation:

Rising changes in supply and demand have an impact on the price and quantity of equilibrium. When the supply curve rises, that means the supply drops but the demand continues, then the equilibrium price rises, but the amount falls