In March, the quantity of orange juice sold in the town of Jackson was 3,000 cartons and the price $3. In May, the quantity of orange juice sold in the town of Jackson was 3,500 cartons and the price was $3.20. This change in the price and quantity sold could have been the result of

Question

Quizplus · Accepted Answer

BCThe increase in both price and quantity sold suggests a shift in demand, which could be caused by factors like a positive medical study (A), reduced discounts (B), or a supply shock increasing prices and, indirectly, perceived value (C). A warm winter increasing supply (D) would typically lower prices, not raise them, making it an unlikely cause.

In March, the Quantity of Orange Juice Sold in the Town