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

Question

Quizplus · Accepted Answer

The statement indicates that the supply of oranges has decreased, which implies that the amount of oranges available will decrease at various prices. This will shift the supply curve to the left, resulting in a higher equilibrium price and a lower equilibrium quantity. Therefore, choice A is the best option.

'Because of Unseasonably Cold Weather, the Supply of Oranges Has