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Market Equilibrium
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Problem 10
Market Equilibrium
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3. The Market Forces of Supply and Demand / Market Equilibrium / Problem 10
Problem 10
A hurricane destroys a large portion of the orange crop in Florida. What is the likely impact on the supply curve for oranges?
A
The supply curve will shift to the left.
B
There will be movement along the supply curve.
C
The supply curve will shift to the right.
D
The demand curve will shift to the right.
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