Ask Question
16 February, 10:28

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.

+2
Answers (1)
  1. 16 February, 11:30
    0
    In the scenario in which, Elena who loves orange juice, reads in the newspaper that 20 percent of the Florida orange crop was destroyed by a late spring frost and 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 increases today. An increase in the price of a good will decrease quantity demanded.
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