Irregular Weather Patterns Caused Very Poor Yields for Orange Farmers

question 149

Multiple Choice

Irregular weather patterns caused very poor yields for orange farmers.Which factor of supply would this change in the market for orange juice?

• A) Technology
• B) Price of input
• C) Number of sellers
• D) Price of related good

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Definitions:

Profit

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

British Pounds

The official currency of the United Kingdom, also known as sterling, symbolized by £.

Cash Inflows

Funds being received by a company or individual, which could originate from sales, financing, or investments.

Exchange Rate

The Exchange Rate is the price at which one currency can be exchanged for another, affecting international trade and investments.