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?

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

Change Image    Delete



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: Jan 06, 2025

+ 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.