Which of the Following Shifts the Demand Curve for Oranges

question 98

Multiple Choice

Which of the following shifts the demand curve for oranges?

• A) disastrous weather that destroys about half of this year's orange crop
• B) a decrease in the price of a pound of bananas, a substitute in consumption for oranges
• C) an increase in the price of the fuel used to transport oranges to supermarkets
• D) great weather that produces a bumper orange crop this year

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Definitions:

Control Over Price

The ability of a company or entity to dictate the price at which they sell their products or services, often due to lack of competition.

Perfectly Competitive Firms

Companies that operate in a market where no single buyer or seller has market power, and all goods are identical.

Identical Products

Goods that are exactly the same in quality, function, and appearance, often produced in industries with perfect competition.

Positive Slope

A mathematical depiction of a line on a graph indicating an increase in the variable on the y-axis as the variable on the x-axis increases.