Which of the following events would cause the price of oranges to fall?

Question

Quizplus · Accepted Answer

A decrease in the price of land in Florida would likely lead to an increase in orange production, which would in turn increase the supply of oranges and cause the price to fall.

Option A is incorrect as a shortage of oranges would typically cause the price to rise since the demand for oranges would likely exceed the limited supply.

Option B is incorrect as it deals with tangerines, not oranges, and a claim that tangerines cause a serious disease would likely lead to a decrease in the demand for tangerines, causing an increase in the demand for oranges and a potential increase in the price.

Therefore, the correct answer is C as only this option indicates that the supply of oranges will increase.

Which of the Following Events Would Cause the Price of Oranges