What effect does the change in the market for cripps pink apples have on the price of the apples and on the quantity supplied an

Question

kipiarov [429]

3 years ago

7

What effect does the change in the market for cripps pink apples have on the price of the apples and on the quantity supplied an

d demanded?

Business

1 answer:

Anika [276] · Answer 1 · 2022-04-08T12:53:23+03:00

Answer:

The change in the market for Cripps is positively related with other apples.

Explanation:

The Cripps pink apples are the substitute to the other apples so there is a direct relationship between the price one commodity and the demand for its substitute commodity. Therefore, if the price of Cripps pink apples rises, then the demand for other apples will rise also because of substitute goods. Similarly, if the price fall, then the demand for other apples will also fall. Thus substitute goods encompass a positive relationship.