Which of the following shifts the supply curve for oranges? A

Economics Jan 22, 2021

Which of the following shifts the supply curve for oranges?

A. disastrous weather that destroys about half of this year's orange crop.

B. an increase in income for all orange consumers if oranges are a normal good.

C. an increase in the price of? bananas, a substitute in consumption for oranges.

D. an increase in the number of orange consumers.

E. a newly discovered increase in the nutritional value of oranges.

Expert Solution

The correct answer is: . disastrous weather that destroys about half of this year's orange crop.

A shift in supply curve is due to a change in factors other than the own price of the good. If there is a disastrous weather that destroys about half of this year's orange crop, this will cause a decrease in the supply of oranges this year. As a result, the supply curve of oranges will shift to the left.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote