What would we expect to happen to the equilibrium price and quantity - ProProfs Discuss
Menu
SearchAsk a Question+ Ask Question
Advertisement
  1. Economics
  2. Microeconomics

What would we expect to happen to the equilibrium price and quantity in the market for orange juice in the given case?



Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice.
Asked by Emy_, Last updated: Apr 08, 2024

+ Answer
Request
Share
Question menu
Vote up Vote down

1 Answer

Emy_2

Emy_

Emy_2
Emy_

Answered Apr 17, 2018

Price will increase; quantity is ambiguous
upvote downvote
Reply 

More Microeconomics Questions

Ask Your Own Question
Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
CancelLoader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
CancelLoader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
CancelLoader

Email Sent
We have sent an email to your address "" with instructions to reset your password.