Consider the market for orange juice

Economics Aug 11, 2020

Consider the market for orange juice. Which of the following events would lead to decreased demand for orange juice?

Group of answer choices

Decrease in price of apple juice

Increase in sales of apples

A frost kills a substantial portion of the orange crop.

Good weather increases orange crop yields

Expert Solution

A frost kills a substantial portion of the orange crop would cause a decrease in demand for Orange juice. This decrease in supply would lead to an increase in the price of oranges, and hence an increase in the price of orange juice. As the price of orange juice rises, there will be a decrease in quantity demanded.

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