Suppose Favorable Weather Resulted in a Bumper Crop of Oranges

question 183

Multiple Choice

Suppose favorable weather resulted in a bumper crop of oranges in Florida.In the market for oranges

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

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Definitions:

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort or stress from holding two or more conflicting beliefs, values, or attitudes.

Emotional Detached

A state where an individual maintains a boundary from feeling or engaging emotionally, either as a protective measure or due to disinterest.

External Factors

Influences that originate outside an organization, affecting its operations and outcomes, such as economic conditions, competition, or regulatory environments.

Job Satisfaction

The level of contentment employees feel about their job roles, encompassing aspects like work environment, rewards, and relationships.