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:

Brands

Represents a product, service, or concept that is publicly distinguished from other products, services, or concepts so that it can be easily communicated and usually marketed.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Postpurchase Psychological Tension

The anxiety or regret a consumer may feel after making a purchase decision, often arising from doubts about the choice made.

Highly Attractive Alternatives

Options that are significantly more appealing to consumers or decision-makers compared to the current choice or status quo.