Multiple Choice
Use the following to answer questions :
Figure: Supply and Demand in the Orange Juice Market
-(Figure: Supply and Demand in the Orange Juice Market) Look at the figure Supply and Demand in the Orange Juice Market. The market is in equilibrium at point C. Suppose most people drink orange juice only with champagne. What will be the new equilibrium point in the orange juice market if a law banning alcohol passes?
A) A
B) B
C) D
D) E
Correct Answer:

Verified
Correct Answer:
Verified
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