Which of the Following Shifts the Supply Curve for Oranges

question 346

Multiple Choice

Which of the following shifts the supply curve for oranges?

• A) disastrous weather that destroys about half of this yearʹs orange crop
• B) an increase in the price of bananas, a substitute in consumption for oranges
• C) an increase in income for all orange consumers
• D) a newly discovered increase in the nutritional value of oranges

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Definitions:

Abstract Reasoning

Abstract reasoning involves the ability to think about objects, principles, and ideas that are not physically present.

Middle Childhood

A developmental stage typically covering the period from about 6 to 12 years old, where children experience major growth in cognitive, physical, and social skills.

Static Reasoning

A characteristic of preoperational thought in which a young child thinks that nothing changes. Whatever is now has always been and always will be.

Concrete Operational

A stage of cognitive development in children, proposed by Piaget, occurring roughly between the ages of 7 and 12, during which children gain a better understanding of mental operations and physical concepts.