Suppose there is an increase in the price of oranges. Which of the following is a possible cause?
A) increase in income
B) increase in the price of sugar, a complement of oranges
C) decrease in the price of tangerines, a substitute for oranges
D) freeze in Florida
E) favorable weather pattern
Correct Answer:
Verified
Q120: The law of demand states that
A) demand
Q121: Which of the following is true about
Q122: Q123: If the demand for a good increases Q124: If both supply and demand decrease and Q126: Which of the following best explains the Q127: If both supply and demand decrease and Q128: If both supply and demand decrease, which Q129: Which of the following is true about Q130: Equilibrium price is best described as the
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