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In 2004, Hurricanes Damaged a Large Portion of Florida's Orange

Question 241

Multiple Choice

In 2004, hurricanes damaged a large portion of Florida's orange crop.As a result of this, many orange growers were not able to supply fruit to the market.If, following the hurricane, the price remained at its pre-hurricane level, we would expect to see


A) a surplus of oranges.
B) the quantity demanded equal to the quantity supplied.
C) a shortage of oranges.
D) an increase in the demand for oranges.

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