When a Hurricane Rips Through Florida,the Price of Oranges Rises

question 129

Multiple Choice

When a hurricane rips through Florida,the price of oranges rises because the

• A) demand curve shifts to the left.
• B) supply curve shifts to the right.
• C) demand curve shifts to the right.
• D) supply curve shifts to the left.
• E) supply and demand curves both shift to the left.

---

Definitions:

Fee Simple

The highest level of land ownership, providing the owner with absolute ownership of the property and the freedom to dispose of the property as they choose.

Life Tenant

A life tenant is an individual who has the right to use and benefit from a property during their lifetime, but does not own the property outright.

Term Lease

A lease agreement that specifies a fixed period of time for the lease of property.

Bailee

A person or entity that has temporary custody or control of another person's property under a bailment agreement.