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 demand curve shifted to the right resulting in an increase in the equilibrium price.
C) the supply curve shifted to the right resulting in an increase in the equilibrium price.
D) the demand curve shifted to the left resulting in a decrease in the equilibrium price.
A
You might also like to view...
To conduct a randomized experiment, researchers usually classify the participants into a:
A) study group and a control group. B) treatment group and a test group. C) study group and a treatment group. D) treatment group and a control group.
A mixed enterprise is one
A) where the government has significant ownership in a private company. B) in which the company has more than one legal structure, such as limited liability and sole proprietorship. C) that combines for-profit activities with education. D) that has both for-profit and non-profit operations.