ECON QUESTION PLEASE HELP ME OUT?
Wednesday, November 26th, 2008 at
10:33 pm
Daisy E asked:
Suppose that there are freezing temperatures in Florida. At the same time the press reports that drinking orange juice significantly reduces the risk of stomach cancer. Predict the effect on equilibrium price and quantity.
Tagged with: Equilibrium Price And Quantity • Orange Juice • Stomach Cancer
Filed under: Economics
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Lung Cancer
what?
Lung Cancer
freezing temp will decrease supply of oranges and the press about the oj will increase demand
this will cause a significant increase in the price of oranges/orange juice since more people will be fighting for less goods