After a hurricane in Florida destroys half of the orange crop, economists predict:

Question

Quizplus · Accepted Answer

With half of the orange crop destroyed, there will be a decrease in the supply of oranges. This decrease in supply will lead to an increase in prices, as consumers will be willing to pay more for the reduced quantity of oranges that are available. However, the decrease in supply also means that there will be fewer oranges available for consumers to purchase, so there will be a decrease in sales. Therefore, the correct answer is C.

After a Hurricane in Florida Destroys Half of the Orange