Which of the Following Shifts the Supply Curve for Oranges

question 116

Multiple Choice

Which of the following shifts the supply curve for oranges?

• A)an increase in the number of orange consumers
• B)an increase in the price of bananas, a substitute in consumption for oranges
• C)an increase in income for all orange consumers if oranges are a normal good
• D)disastrous weather that destroys about half of this year's orange crop
• E)a newly discovered increase in the nutritional value of oranges

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Definitions:

Outstanding Principal

The portion of a loan amount that has not yet been repaid to the lender.

Principal Repayment

The process of paying back the original amount of money borrowed, excluding interest, in a loan or bond.

Fixed-Rate Mortgage

A mortgage loan that has a fixed interest rate for the entire term of the loan, protecting borrowers from rising interest rates.

Principal Payments

Payments made on a loan that reduce the remaining balance of the principal amount borrowed.