In the Market for Oranges, the Demand and Supply of Oranges

question 169

Multiple Choice

In the market for oranges, the demand and supply of oranges decrease by the same amount. The equilibrium quantity will __________and the equilibrium price will __________.

• A) decrease; not change
• B) remain the same; rise
• C) remain the same; either rise or fall
• D) decrease; fall

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Definitions:

Muller V. Oregon

A landmark 1908 US Supreme Court case that upheld the state of Oregon's laws limiting the working hours for women, setting a precedent for future labor law.

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The authority granted to governmental units to enact measures within constitutional bounds to preserve order and protect public health and safety.

Working Hours

The period of time that an individual spends at paid occupational labor within a 24-hour day.

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Journalists and writers of the late 19th and early 20th centuries who sought to expose social ills and corporate and political corruption, aiming to spur public reform.