Multiple Choice
Which of the following would cause a rightward shift in the demand curve for oranges?
A) A freeze in Florida (a major orange producing state)
B) A new machine that allows orange growers to harvest oranges faster
C) A decrease in the price of apples
D) An announcement by the US Food and Drug Administration (FDA) that oranges lower cholesterol
E) An increase in the price of oranges
Correct Answer:
Verified
Correct Answer:
Verified
Q29: If the demand for apples increases at
Q41: When there is an excess quantity supplied
Q42: Beach resorts raise their prices during the
Q43: Incorrect. The quantity supplied of a good
Q44: When quantity demanded decreases at every possible
Q45: How are sales and long lines prior
Q47: Which of the following would shift a
Q49: In markets, prices move toward equilibrium because
Q50: Ceteris paribus, when a demand curve shifts,
Q58: In the three months before a $1