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One HEADLINE article in the text, "Bitter Florida cold drives up orange juice prices," describes the impact of a freeze on Florida crops. What will happen to the equilibrium quantity of citrus crops if
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One HEADLINE article in the text, "Bitter Florida cold drives up orange juice prices," describes the impact of a freeze on Florida crops. What will happen to the equilibrium quantity of citrus crops if the supply decreases?

User Dmitriy Neledva
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1 Answer

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Answer:

The equilibrium quantity will decrease

Step-by-step explanation:

There will be a reduction in the supply of citrus crops and also reduction in orange juice produces from these fruits.

A shift in supply to the left will occur as a result of the cold. This will also result in reduction in equilibrium quantity demanded.

This is illustrated bin the attached diagram

One HEADLINE article in the text, "Bitter Florida cold drives up orange juice-example-1
User Ddiego
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