A Freeze in Florida Devastates the Orange Crop at the Same

Multiple Choice

A freeze in Florida devastates the orange crop at the same time a new study is released showing the health benefits of vitamin C (leading consumers to want to buy more orange juice) . How will the equilibrium price and quantity of orange juice change in response to the combination of these two events?

A) Equilibrium quantity will decrease, equilibrium price will increase.
B) Equilibrium price will decrease, the effect on quantity is ambiguous.
C) Equilibrium price will increase, the effect on quantity is ambiguous.
D) Equilibrium quantity will increase, the effect on price is ambiguous.