"The Recent Hurricanes in Florida Are Bringing Financial Gain to California

question 67

Multiple Choice

"The recent hurricanes in Florida are bringing financial gain to California citrus growers. Due to extensive damage to the Florida citrus crop, California citrus products are commanding their highest prices ever." Which of the following statements best explains the economics of this quotation?

• A) The supply of Florida oranges decreased, causing their price to increase, which then increased the demand for substitute California oranges.
• B) The supply of Florida oranges decreased, causing the supply of California oranges to increase and the price of California oranges to rise.
• C) The demand for Florida oranges decreased because of the hurricanes, causing a greater demand for California oranges and an increase in the price of California oranges.
• D) The demand for Florida oranges decreased, causing their prices to rise, therefore increasing the demand for California oranges.

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Definitions:

Lactogenic Hormone

A hormone, also known as prolactin, that stimulates milk production in mammals.

Mammary Glands

Accessory organs of the female reproductive system that secrete milk after pregnancy.

Second Messenger

Intracellular signaling molecules released by the cell in response to exposure to extracellular signaling molecules.

Nonsteroidal Hormones

Hormones that are not derived from steroids, often consisting of proteins or peptides, and act through specific receptor interactions in target cells.