Multiple Choice
A good weather in Spain results in good crop of oranges causing the prices of both oranges and orange juice to fall. As a result, the consumer surplus in the market for oranges
A) decreases, and the consumer surplus in the market for red wine decreases.
B) decreases, and the consumer surplus in the market for red wine increases.
C) increases, and the consumer surplus in the market for red wine decreases.
D) increases, and the consumer surplus in the market for orange juice increases.
Correct Answer:

Verified
Correct Answer:
Verified
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