Question

Complete the following sentence. ​If, as the price of orange juice decreases​, the quantity of grapefruit juice that people buy decreases​, then orange juice and grapefruit juice are​ _______.

Answer 1

Answer: Substitutes

Explanation:

The consumers take orange juice and grape fruit juice as substitute for each other: when goods are substitutes, one can be consumed in place of the other, therefore an increase in demand for one substitute would directly lead to the decrease in demand of the other.