Which of the Following Shifts the Supply Curve for Oranges

question 302

Multiple Choice

Which of the following shifts the supply curve for oranges?

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

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Definitions:

Rational Behavior

Decision-making processes that are logical and based on weighing the benefits and costs of various options.

Goal-Oriented Behavior

A pattern of behavior driven by the pursuit of specific objectives or desired outcomes, often characterized by focused effort and planning.

Rawls

Pertains to John Rawls, an American political philosopher known for his work in moral and political philosophy, especially in the theory of justice as fairness.

Rawls's Model

is a theoretical framework for justice suggested by philosopher John Rawls, emphasizing fairness and equality through the principles of liberty and difference.