Multiple Choice
Suppose favorable weather resulted in a bumper crop of oranges in Florida.In the market for oranges
A) the supply curve shifted to the right resulting in a decrease in the equilibrium price.
B) the supply curve shifted to the right resulting in an increase in the equilibrium price.
C) the demand curve shifted to the left resulting in a decrease in the equilibrium price.
D) the demand curve shifted to the right resulting in an increase in the equilibrium price.
Correct Answer:
Verified
Correct Answer:
Verified
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