-The Above Figures Show the Market for Oranges

question 361

Multiple Choice

-The above figures show the market for oranges. Which figure shows the effect of a new technology called "the orange picker," which harvests oranges less expensively than ever before?

• A) Figure A
• B) Figure B
• C) Figure C
• D) Figure D

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Definitions:

Vaccinations

A medical intervention that uses a vaccine to stimulate an individual's immune system to develop immunity to a specific disease.

Transmit

To transmit means to send or convey information, energy, or matter from one place or thing to another.

Market Power

The ability of a firm or group of firms to control prices or exclude competition within a market.

Influence Market Prices

The action or power of a factor to affect the prices in a market, which could be through supply, demand, or external factors.