Multiple Choice
A severe freeze has damaged the Florida orange crop.The effect on the market for oranges will be a left shift of
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 right shift in the demand curve, and the outcome will be a higher price
Correct Answer:
Verified
Correct Answer:
Verified
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