Which of the Following Events Leads to a Rise in the Price

question 171

Multiple Choice

Which of the following events leads to a rise in the price of oranges?

• A)a rise in the price of apples if apples and oranges are substitutes
• B)a scientific discovery that oranges cause hair loss
• C)a decrease in income if oranges are a normal good
• D)good growing weather in Florida
• E)a technological improvement in the production of oranges

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Definitions:

Printing Press

A mechanical device invented by Johannes Gutenberg in the 15th century, which allowed for the mass production of printed materials, significantly impacting the spread of knowledge.

Movable Type

The system and technology of printing and typography that uses movable components to reproduce the elements of a document.

Columbus's Voyage

The expedition led by Christopher Columbus in 1492, which led to European awareness and eventual colonization of the Americas.

Spanish Emigrants

Individuals from Spain who leave their homeland to settle in another country, often for economic, political, or personal reasons.