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11 October, 04:51

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

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  1. 11 October, 08:04
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    Answer: Increase in Price of orange and a decrease in quantity sold of Orange.

    Explanation:

    After a hurricane in Florida destroys half of the orange crop, as a result the supply of oranges will fall shifting the supply curve up to the left. This will increase the price of oranges and decrease the quantity sold of oranges. Thus, the economists predict an increase in price of oranges and a decrease in the sale of oranges.
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