rch, the quantity of orange juice sold in the town of Jackson was 3000 cartons a

Question

rch, the quantity of orange juice sold in the town of Jackson was 3000 cartons and the price $3. In May, the quantity of orange juice sold in the town of Jackson was 3500 cartons and the A) the after effects of a warm winter in Florida that increased the orange crop yield by 50 price was $3.20. This change in the price and quantity sold could have been the result of percent. B) the after effects of a cold winter in Florida that killed half of the orange crop. C) a reduction in the number of orange juice coupons provided by local markets. D) the release of a medical study suggesting that consuming orange juice helps prevent cancer

Explanation / Answer

Answer
Option D
The increase in price and increase in quantity supplied is movement along the supply curve so the component of supply not affected it, this change is because of component of demand as the study is the component of demand and increases the demand for it which shifts the demand curve and that increases the price in the market and that increased price increases the supply in the market.

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