Which of the following events would cause the price of oranges to fall? O a. There is a shortage of oranges. b. The FDA announces that bananas cause strokes, and oranges and bananas are substitutes. O c. The price of land throughout Florida decreases, and Florida produces a significant proportion of the nation's oranges. Od. All of the above are correct.
Which of the following events would cause the price of oranges to fall? O a. There is a shortage of oranges. b. The FDA announces that bananas cause strokes, and oranges and bananas are substitutes. O c. The price of land throughout Florida decreases, and Florida produces a significant proportion of the nation's oranges. Od. All of the above are correct.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 41CTQ: We know that a change in the price of a product causes a movement along the demand curve. Suppose...
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