Elena loves orange juice. She reads in the newspaper that 20 percent of the Florida orange crop was destroyed by a late spring frost. Economists predict that the price of oranges will rise by 50 percent by the end of the year. As a result, Elena's demand for orange juice A. shifts left today. B. decreases as she looks for a substitute good. C. will increase but not until the end of the year. D. increases today.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Elena loves orange juice. She reads in the newspaper that 20 percent of the Florida orange crop was destroyed by a late spring frost. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is a capital resource? a. A computer programmer. b. A corporate bond issued by a computer manufacturer. c. Silicon (sand) used to make computer chips. d. A piece of software used by a firm.
Answers (1)
Which statement defines am annuity?
Answers (1)
On January 2, 2020, Pearl Company sells production equipment to Fargo Inc. for $52,000. Pearl includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2020.
Answers (1)
Members of mid-south petroleum distributors, a trade group, had trouble obtaining affordable pollution liability insurance. the members formed a group captive that is exempt from many state laws that apply to other insurers.
Answers (1)
If the yuan increases from seven yuan per dollar to ten yuan per dollar, what has happened? A. The dollar has appreciated against the yuan. B. The dollar has depreciated against the yuan. C. The yuan has appreciated against the dollar. D.
Answers (1)
New Questions in Business
When there are many producers and many consumers in an economy, the best way to achieve an efficient allocation of resources is to have a A. single planner who makes all production decisions and allocates all goods and services to consumers. B.
Answers (1)
Consider the market in which clothing producers operate. Suppose productivity decreases in the factory producing jeans. Explain how this event will change the quantity of jeans supplied and the supply of jeans today. A.
Answers (1)
Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with terms of 2/10, EOM. Blue Company is entitled to a 40% trade discount.
Answers (1)
Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract A. the risk is shared. B. the lawyer bears all of the risk. C.
Answers (1)
Stanley, Inc.'s 2018 income statement reported net sales of $6,000,000, uncollectible accounts expense of $160,000, and net income of $7,000,000. Stanley's average accounts receivable during 2018 amounted to $1,200,000.
Answers (1)