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10 September, 06:56

When a hurricane rips through florida, the price of oranges rises because the:

a. supply curve shifts to the right.

b. supply and demand curves both shift to the left.

c. supply curve shifts to the left.

d. demand curve shifts to the right.

e. demand curve shifts to the left?

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Answers (1)
  1. 10 September, 09:19
    0
    When a hurricane rips through Florida, the price of oranges rises because the: supply curve shifts to left. Correct answer: C

    The supply curve represents that the higher the price (all other things constant) the larger the quantity supplied. Shift of the position of the supply curve depends on several factors like change in costs, change in labour or raw material costs. In our case, the hurricane results in increase of the price of the oranges and decrease in the quantity of oranges supplied. (the curve shifts left).
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Home » Business » When a hurricane rips through florida, the price of oranges rises because the: a. supply curve shifts to the right. b. supply and demand curves both shift to the left. c. supply curve shifts to the left. d. demand curve shifts to the right. e.
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