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.