Multiple Choice
A severe freeze has once again damaged the Florida orange crop.The impact on the market for oranges will be a leftward shift in
A) demand as consumers try to economize because of the shortage.
B) both the supply and demand curves.
C) the supply curve.
D) the supply curve and a rightward shift in the demand curve, which will result in a higher price.
Correct Answer:
Verified
Correct Answer:
Verified
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