Which of the Following Shifts the Supply Curve for Oranges

question 302

Multiple Choice

Which of the following shifts the supply curve for oranges?

• A) disastrous weather that destroys about half of this year's orange crop
• B) a newly discovered increase in the nutritional value of oranges
• C) an increase in the price of bananas, a substitute in consumption for oranges
• D) an increase in income for all orange consumers if oranges are a normal good
• E) an increase in the number of orange consumers

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Definitions:

Non-current Note

a long-term financial obligation or loan that is not due for repayment within the next year or operating cycle of the business.

Instalment Payments

Payments made towards the cost of a purchase over a period, allowing the buyer to pay off the total amount owed in smaller, periodic amounts.

Principal Portion

The part of a loan payment that goes toward reducing the original loan amount, as opposed to the interest portion.

Interest Portion

The part of a payment that covers the interest on borrowed money.