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Because of Unseasonably Cold Weather, the Supply of Oranges Has

Question 134

Multiple Choice

Because of unseasonably cold weather, the supply of oranges has substantially decreased.This statement indicates that:


A) the demand for oranges will necessarily rise.
B) the equilibrium quantity of oranges will rise.
C) the amount of oranges that will be available at various prices has declined.
D) the price of oranges will fall.

Correct Answer:

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