Orange juice drinkers want to consume more orange juice at a lower price.Which of the following events would have this effect?
A)A decrease in the price of orange juice processing
B)An increase in the cost of fertilizer used for orange groves
C)A decrease in income, assuming orange juice is a normal good
D)A decrease in the population

Question

Quizplus · Accepted Answer

A decrease in the price of orange juice processing would lead to a decrease in the cost of producing orange juice, which would result in a lower price for consumers. This would make it more affordable for orange juice drinkers to consume more orange juice. The other options would have a negative impact on the production or consumption of orange juice.

Orange Juice Drinkers Want to Consume More Orange Juice at a Lower