Prices communicate information about the relative value of resources in the marketplace.Which of the following would cause the value and,hence,the price,of oranges to rise?
a.A freeze wipes out half of the Florida citrus groves.
b.Orange juice is shown to reduce blood cholesterol levels.
c.The price of grape,cranberry,and pineapple juice falls dramatically.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q162: If a country wanted to maximize the
Q167: If resources and goods are free to
Q183: The most meaningful measure of economic growth
Q184: Tom is a castaway who washes up
Q187: Which of the following generally does not
Q188: Why do people generally switch channels when
Q194: Which of the following contribute to increases
Q202: Farmer Fred could grow wheat and barley.
Q204: How can market failure occur in the
Q211: Differentiate between positive and negative incentives.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents