question archive A major freeze destroys a large number of orange trees in Florida a
Subject:MarketingPrice:2.88 Bought3
A major freeze destroys a large number of orange trees in Florida
a. The price of oranges increases and the quantity decreases.
b. The price of oranges decreases and the quantity decreases.
c. The price of oranges increases and the quantity increases.
d. The price of oranges decreases and the quantity increases
a. The price of oranges increases and the quantity decreases.
When the supply decreases and demand remain constant, the price of oranges increases, and the quantity decreases.
Major freeze that destroyed a large number of the orange trees in Florida resulted in the increase of orange prices because the supply got pushed and demand remained constant.