Multiple Choice
Orange juice and apple juice are substitutes.Bad weather that sharply reduces the orange harvest would
A) increase consumer surplus in the market for orange juice and decrease producer surplus in the market for apple juice.
B) increase consumer surplus in the market for orange juice and increase producer surplus in the market for apple juice.
C) decrease consumer surplus in the market for orange juice and increase producer surplus in the market for apple juice.
D) decrease consumer surplus in the market for orange juice and decrease producer surplus in the market for apple juice.
Correct Answer:

Verified
Correct Answer:
Verified
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