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A Severe Freeze Has Once Again Damaged the Florida Orange

Question 148

Multiple Choice

A severe freeze has once again damaged the Florida orange crop. The impact on the market for oranges will be a leftward shift of:


A) ​the demand curve, as consumers try to economize because of the shortage.
B) ​the demand curve and a rightward shift of the supply curve.
C) ​the supply curve.
D) ​the supply curve and a rightward shift of the demand curve, resulting in a higher equilibrium price.

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