Question

Suppose exceptionally good weather provides a much bigger than expected orange harvest. What is the impact of this weather on the orange harvest?

1) The orange harvest will be smaller than expected.
2) The orange harvest will be the same as expected.
3) The orange harvest will be bigger than expected.
4) The orange harvest will not be affected by the weather.

Answer 1

Exceptionally good weather leads to an increased orange harvest, shifting the supply curve right and indicating a larger quantity of oranges available in the market.

Step-by-step explanation:

When exceptionally good weather leads to a much bigger than expected orange harvest, the impact on the harvest is an increase in supply. This positive change in natural conditions increases the quantity supplied at any given price. Consequently, the supply curve shifts to the right, from the original supply curve (So) to the new supply curve (S1). This indicates that there will be a larger quantity of oranges available in the market as a result of the favorable weather conditions.

Answer 2

Good weather has a positive impact on the orange harvest, resulting in a larger than expected harvest. So, the correct answer is 3) The orange harvest will be bigger than expected.

Step-by-step explanation:

Good weather has a positive impact on the orange harvest. When there is exceptionally good weather, the orange harvest will be bigger than expected. This is because favorable weather conditions, such as ample sunlight and appropriate temperature, promote healthy tree growth and increase fruit yield. As a result, farmers can expect a larger harvest when weather conditions are exceptionally good.

Thus, the correct answer is 3) The orange harvest will be bigger than expected.