k Fusion Jacket (UN × Y W NEW WHIMMY SPETICH × V New Tab 401/files/62817?module_
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k Fusion Jacket (UN × Y W NEW WHIMMY SPETICH × V New Tab 401/files/62817?module_item_id-33279 mework.docx ework.docx Homework.docx (31.8 KB) Page K > of 3 4- Explain how a movement along the demand curve and a shift of the supply curve are related 5- In a market for oranges, there are two types of buyers: high-value buyers, who use the oranges to make orange juice, and low value buyers, who use the oranges for cow feed When the price of oranges is high, who buys oranges? When the price of oranges is low, who buys oranges?Explanation / Answer
4.
When price increases or decreases there would be movement along the demand curve and the supply curve too shifts with respect to price. For a lesser price, the supply shifts to left as suppliers would supply less quantity and for a higher price, the supply curve shifts to right.
5.
The price of oranges increase because of reduced supply and only high value buyers would purchase and cow feed manufacturers cannot afford it
The price of oranges decreases because of increased supply and low value buyers would purchase more.
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