Which of the Following Shifts the Supply Curve for Oranges

question 30

Multiple Choice

Which of the following shifts the supply curve for oranges?

• A) An increase in the number of orange consumers.
• B) Disastrous weather that destroys about half of this year's orange crop.
• C) A newly discovered increase in the nutritional value of oranges.
• D) An increase in income for all orange consumers if oranges are a normal good.
• E) An increase in the price of bananas, a substitute in consumption for oranges.

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Definitions:

Break-even Point

The level of production or sales at which total costs equal total revenue, meaning no net loss or gain is incurred; a crucial financial analysis metric.

Break-even Point

The break-even point is the level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.

Margin of Safety

The difference between actual or expected sales and sales at the break-even point.

Sales Revenue

The income received by a company from its sales of goods or services, before any expenses are deducted.