Multiple Choice
Which of the following events would cause the price of oranges to fall?
A) There is a shortage of oranges.
B) The FDA announces that bananas cause strokes, and oranges and bananas are substitutes.
C) The price of land throughout Florida decreases, and Florida produces a significant proportion of the nation's oranges.
D) At the current price, quantity demanded is greater than quantity supplied.
Correct Answer:
Verified
Related Questions
Q257: Table 4-5 Q258: Which of the following events would unambiguously Q259: If the supply of a product increases,
