In 2004, Hurricanes Destroyed a Large Portion of Florida's Orange

question 372

Multiple Choice

In 2004, hurricanes destroyed a large portion of Florida's orange and grapefruit crops. In the market for citrus fruit,

• A) the supply curve shifted to the right resulting in an increase in the equilibrium price.
• B) the supply curve shifted to the left resulting in an increase in the equilibrium price.
• C) the demand curve shifted to the right resulting in an increase in the equilibrium price.
• D) the demand curve shifted to the left resulting in a decrease in the equilibrium price.

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