Benito is the manager of a souvenir shop in Panama City, Florida. He has decided to graph the demand per week for fresh orange juice because its price varies as the supply of fresh oranges varies. The graph indicates a demand schedule that slopes downward and to the right. This graph indicates that the quantity of juice demanded increases as which of the following occurs?
a. price decreases
b. cost increases
c. price increases
d. supply increases
Answer: a. price decreases
Business
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