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Freezing Temperatures in California Have Sharply Reduced the Supply of Oranges

Question 279

Multiple Choice

Freezing temperatures in California have sharply reduced the supply of oranges in the U.S. You predict that the price of oranges will ________, and the more elastic the demand for oranges, the ________ will be the effect on the price.


A) fall; smaller
B) fall; greater
C) rise; smaller
D) rise; greater

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