Which of the Following Could Cause the Supply Curve for the Market

question 50

Multiple Choice

Which of the following could cause the supply curve for the market for oranges to shift to the left?

• A) an increase in the income of consumers of oranges
• B) a decrease in the cost of workers
• C) an increase in the price of orange juice
• D) a new study saying that eating oranges will give one heart disease
• E) a severe hurricane in Florida

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Definitions:

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Rent-seeking Behavior

Actions by individuals or firms to increase their own wealth without creating new wealth or value, often through manipulating the social or political environment.

Single Payer

A healthcare finance mechanism where a single public or quasi-public agency organizes health care financing, but delivery of care remains largely in private hands.

Budget Deficit

A situation where a government's expenditures surpass its revenues within a specific fiscal period, leading to borrowing or debt accumulation.