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:

Bonds Dated

The date specified in the bond document when the bond was issued, important for determining interest payments and maturity.

Fair Value

An estimate of the price at which an asset would be bought or sold in a current transaction between willing parties, not under compulsion.

Market Price

The prevailing market rate at which transactions for assets or services are conducted.

Investment Sold

The act of divesting an asset or security, converting an investment back into cash or its cash equivalent.