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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
23. What law states that a decrease in price brings about an increase in the quantity demanded?
Answers (1)
The chart shows pricing and payment options for two large items. Why would a consumer choose to pay cash? to pay the lowest possible price to take advantage of low interest to spread payments out over time to avoid saving for a down payment
Answers (2)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
One way to make it easier to track your progress toward success is A. improve your product. B. to keep adapting to the changing business environment. c. offer stock to the public. D. to set very specific short - and long-term goals.
Answers (2)
Suppose a piece of plant equipment that PepsiCo put into service on January 1, 2014 at a total cost of $300,000 with an expected useful life of 5 years and a salvage value of $60,000 is sold on June 30, 2018 for $60,000.
Answers (1)
New Questions in Business
Your friend really likes a t-shirt that you purchased last week at a concert by your mutually favorite musician group. You purchased the very last shirt in your size and there are no more available.
No Answers
An effective way to begin defining the purpose of a marketing plan, is to make a list of all the information needed to prepare the marketing plan A. True B. False
Answers (1)
Read the scenario. June has $8,000 in an online savings account at six percent interest. She needs to reach $10,000 to pay off her credit cards. How long does June have to save to reach her goal? six years four years five years three years
Answers (2)
Direct materials used in production totaled $280,000. Direct labor was $375,000, and $180,000 of manufacturing overhead was added to production for the month. What were total manufacturing costs incurred for the month? a. $555,000b. $835,000c.
Answers (1)
In an operating lease, a sale is not recorded by the lessor. Instead, the periodic lease payments are accounted for as rent revenue by the lessor. The lessee records a right-of-use asset and lease liability at the present value of the lease payments.
Answers (1)