Suppose that because of unseasonably cold weather in Florida, a significant port

Question

Suppose that because of unseasonably cold weather in Florida, a significant portion of the orange crop has been lost to freezing temperatures. This statement means that

the equilibrium quantity of oranges will rise.

the price of oranges will fall.

the demand for oranges will rise.

the amount of oranges available at various prices will decline.

the equilibrium quantity of oranges will rise.

the price of oranges will fall.

the demand for oranges will rise.

the amount of oranges available at various prices will decline.

Explanation / Answer

the amount of oranges available at various prices will decline

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