Which of the Following Would Cause an Increase in the Demand

question 139

Multiple Choice

Which of the following would cause an increase in the demand curve for oranges?

• A)​a freeze in Florida (a major orange producing state)
• B)​a new machine that allows orange growers to harvest oranges faster
• C)​a decrease in the price of apples
• D)​an announcement by the FDA that oranges lowers cholesterol

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Definitions:

Average Variable Cost

The cost of labor and materials divided by the total output, representing the variable costs per unit of output.

Economic Consultant

A professional who provides expert advice on economic policies, market analysis, and financial strategies.

Loss-Minimizing Strategy

An approach aimed at reducing the amount of loss incurred in a business or investment.

AVC

The average variable cost is calculated by dividing the total variable costs by the produced output quantity.