Multiple Choice
In January a severe frost destroyed 1/3 of the American orange crop, and growers anticipated bankruptcy. By year's end, however, they realized that their profits were larger than ever. Which of the following could not explain this curious result?
A) There was a similar frost in exporting countries.
B) The demand for oranges shift to the left.
C) The demand for oranges shifted to the right.
D) The demand for oranges is price inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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