(SHOW GRAPH) Suppose that demand for orange juice increases and, at the same time, supply of oranges decreases. What wou
Posted: Wed Mar 09, 2022 8:29 am
(SHOW GRAPH) Suppose that demand for orange juice increases and, at the same time, supply of oranges decreases. What would happen in the market for orange? Equilibrium quantity would decrease, but price may increase or decrease. Equilibrium price would increase, but quantity may increase or decrease. Equilibrium quantity would increase, but price may increase or decrease. O Equilibrium price would decrease, but quantity may increase or decrease.