Assume the Market for Orange Juice Is Perfectly Competitive

Multiple Choice

Assume the market for orange juice is perfectly competitive. Orange juice producers currently earn a zero economic profit. Orange juice producers will likely begin to earn economic profits in the short run, and some producers will enter the industry until all firms in the industry earn a zero economic profit, if consumers

A) switch from grape juice to orange juice.
B) switch from orange juice to grape juice.
C) do not change their demand for orange juice.
D) All of the above are correct.