Suppose Bad Weather in Florida Unexpectedly Results in a Much

question 83

Multiple Choice

Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. The reduction in the supply of Florida citrus fruit would tend to

• A) increase the supply of California citrus fruit.
• B) decrease the price of California citrus fruit.
• C) increase the price of Florida citrus fruit.
• D) shift the supply curve for Florida citrus fruit down and to the right.

---

Definitions:

Price Inelastic

A situation in which the demand for a product does not change significantly in response to a change in its price.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a specific price in a given time period.

Electricity

A form of energy resulting from the existence of charged particles, commonly used for power and lighting.

Quantity Demanded

represents the total amount of a product or service consumers are willing and able to purchase at a given price level, within a specific time period.