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29 July, 11:47

If ideal weather conditions result in a bumper crop of Florida oranges, then the a. supply of oranges will increase and the price of oranges will fall. b. supply of oranges will decrease and the price of oranges will rise. c. demand curve for oranges will decrease and the price of oranges will fall. d. demand curve for oranges will increase and the price of oranges will rise.

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  1. 29 July, 14:39
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    a. supply of oranges will increase and the price of oranges will fall.

    Explanation:

    The crop will have impact on the producer of oranges, their field will have a better yields so, more orange supply. The supplier fixed cost will be distribute among more orange thus, her average cost will be lower.

    If the cost is lower, then the price will decrease as well. This will generate an equilibrium cost at more quantity with a lower price.
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Home » Business » If ideal weather conditions result in a bumper crop of Florida oranges, then the a. supply of oranges will increase and the price of oranges will fall. b. supply of oranges will decrease and the price of oranges will rise. c.
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